Ethena价格

$ENA had a mega "sell-the-news" event yesterday when the fee-switch was announced by the team, with everyone and their mum dumping the token on the announcement (76c -> 68c). Think there's a potential cup-and-handle play here, with upcoming FOMC decision and rate-cut cycle making USDe's yields more appealing to asset managers. TVL is still increasing at a rate of $100m a day and has been this way for past few weeks, which is very impressive. I do think that we might have a bull run in Q4, and ENA is among the best bull market tokens. In addition, 70c is a key psychological level established by StablecoinX (Ethena's DAT), as they are doubling their buybacks from $5m a day to $10m a day when prices are below 70c. Funny thing is, I just realized the chart could either mean a cup-and-handle in formation, or a double-top. Breaking out of the downward channel is the key. Big week ahead indeed.