$ENA โ BlackRock just walked in. But the chart hasn't confirmed yet. ๐
Here's the honest setup.
The news: BlackRock integrated Ethena into its risk management platform. Created a $100M liquidity facility for its tokenized money market fund.
ENA spiked +8% on the news.
But here's what the chart actually says:
โ Below MA5, MA10, MA20, MA30, MA60
โ SuperTrend: $0.100 โ bearish
โ SAR: $0.090 โ sell signal
โ RSI 40.85 โ below neutral
โ Downtrend intact since $0.11865 peak
The ONLY bullish thing:
$0.06982 cycle low is holding.
BlackRock is a real fundamental catalyst.
Volume picked up today.
What I need to see before going long:
โ
Daily close above $0.08407 (MA20)
โ
Then reclaim $0.09074 (SAR level)
โ
Volume confirmation
If those happen โ $0.10392 resistance is the first target.
If BTC holds $58K โ extended target $0.12+
Right now?
Great narrative. Unconfirmed chart.
The BlackRock deal is real.
But the chart doesn't care about news โ only levels.
Waiting for $0.084 close. ๐
Not financial advice. DYOR.
#ENA #BlackRockโฉ #defi #BinanceSquare