ENA PLAN REMAINS UNCHANGED – I AM STILL FOLLOWING THIS PLAN
$ENA BACK TO 1$ SOON
WEEKEND QUICK LOOK AT SOME KEY UPDATES ON ENA
1️⃣ ENA CHART ANALYSIS
▫️ The current price structure of ENA is moving exactly as previously planned. After a prolonged accumulation phase within the 0.19–0.21 range, ENA confirmed a clear Wyckoff Spring and broke out of the consolidation box with strong momentum.
▫️ The clean breakout, accompanied by large bullish candles and expanding volume, indicates this is not a short-term pump but a phase transition from Accumulation to Markup.
▫️ At the moment, ENA is trading above the mid Bollinger Band and riding the upper band, reflecting strong bullish momentum. A shallow pullback toward the 0.23–0.225 area, if it happens, would be technically healthy and could serve as a reload zone before the next leg up.
▫️ As long as price holds above 0.23, the short-term bullish structure remains intact, with upside targets around 0.26 – 0.30 still valid.
2️⃣ ON-CHAIN DATA & CAPITAL FLOW
▫️ ENA has a fixed 15B supply, with over 50% already unlocked. The early-January unlock was absorbed smoothly, with no significant sell pressure, showing solid demand.
▫️ Daily volume remains strong above $100M, confirming healthy liquidity and real capital participation.
▫️ Ethena maintains multi-billion-dollar TVL led by USDe, signaling sustained confidence in the synthetic dollar model.
▫️ Overall on-chain signals lean neutral to bullish, with no clear distribution and a higher-low price structure intact.
3️⃣ FUNDAMENTALS & 2026 CATALYSTS
▫️ ENA is evolving beyond governance. The upcoming Fee Switch introduces protocol revenue sharing, improving long-term valuation.
▫️ Ethena Chain (2026) will expand real utility, with USDe used for gas fees, creating organic on-chain demand.
▫️ As regulations tighten on centralized stablecoins, synthetic dollars like USDe stand out as a decentralized, yield-bearing alternative, providing a strong bullish tailwind for ENA.
#ENAUSDT🚨 #TradingSignals