Technical analysis by MadWhale about Symbol ENA: Buy recommendation (12 hour ago)

Hello✌️ Let’s analyze Ethena’s price action both technically and fundamentally 📈. 🔍Fundamental analysis: Ethena’s USDe hit $10B market cap in 500 days, helped by U.S. rules limiting yield on other stablecoins. Institutional demand for its DeFi-based returns could lift ENA’s role and value. 💹 📊Technical analysis: ENAUSDT is showing exceptional strength with strong volume, solid Fibonacci support, and a key daily trendline 📈. These technical factors suggest a potential 20% upside targeting $0.99 🚀. ✨We put love into every post! Your support inspires us 💛 Drop a comment we’d love to hear from you! Thanks, Mad Whale