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The Ethena value has soared 7% within the final 24 hours to commerce at $1.14 as of three:15 a.m. EST on a 170% pump in buying and selling quantity to $1.19 billion.
The surge within the ENA value comes after the protocol introduced a strategic partnership with World Liberty Monetary, a Donald Trump-backed agency.
JUST IN: Ethena Labs companions with Donald Trump backed World Liberty Monetary 🚀pic.twitter.com/xFs0pyJHFM
— Crypto India (@CryptooIndia) December 18, 2024
This collaboration will combine Ethena’s sUSDe token, a staked model of its USDe “artificial greenback,” into World Liberty Monetary’s Aave occasion.
This transfer allows customers to deposit USDe and earn twin rewards in sUSDe and the native WLF token, reflecting Ethena’s rising affect within the DeFi ecosystem and its drive to boost the utility of its artificial greenback framework.
Ethena Value Spikes Alongside The Parabolic Curve Line
The ENA/USD each day chart reveals a robust bullish pattern, marked by important value actions and key technical indicators. ENA is at present buying and selling at $1.1353, reflecting a 5.31% each day enhance.
The value has established a strong help zone close to $0.40, the place it consolidated earlier than starting its rally. On the higher facet, resistance is clear close to $1.20, as the worth briefly examined this stage earlier than pulling again barely.
ENAUASD Evaluation Supply: Tradingview
A transparent parabolic curve signifies accelerated upward momentum, highlighting the potential for continued good points until the worth breaks beneath key help ranges.
The 50-day shifting common (MA), at present at $0.73, crossed above the 200-day MA (at $0.49) in mid-November, forming a Golden Cross that indicators a sturdy bullish pattern. Each shifting averages are sloping upward, including additional energy to the upward trajectory.
The Relative Energy Index (RSI) is at 62.78, retreating barely from the overbought zone (69.08). This implies the bullish momentum stays sturdy, however some cooling off is underway. A minor pullback towards the $1.05-$1.10 vary might happen earlier than the subsequent upward transfer. Elevated buying and selling quantity aligns with this rally, reflecting sturdy purchaser curiosity.
If ENA holds above $1.10 and the RSI stabilizes, the worth might retest its latest excessive of $1.20 and doubtlessly escape towards $1.30. Conversely, a break beneath the parabolic curve and 50-day MA close to $0.73 might invalidate the bullish outlook, triggering a correction towards the $0.50-$0.60 vary.
Crypto All-Stars Closes On $24 Million – Much less Than 22 Hours Left!
Whereas the Ethena value gears up for extra bullish momentum, buyers are dashing to purchase Crypto All-Stars (STARS), a groundbreaking meme coin staking mission.
The presale has shortly gained traction, elevating over $23.6 million, making it probably the most profitable launches of the yr.
Based on ClayBro, a outstanding YouTuber with over 134K subscribers, STARS might doubtlessly obtain a 10X enhance in worth post-launch, which is scheduled for early subsequent week.
Crypto All-Stars comes with an progressive MemeVault staking platform that permits customers to stake a number of top-tier meme cash, similar to Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), in a single place for the primary time.
The platform additionally helps different trending meme cash like FLOKI, BRETT, LADYS, COQ, TURBO, TOSHI, BONK, and MOG, and pays rewards in STARS. Extra prime meme cash will probably be added to the platform after launch.
STARS can already be staked and provides an enormous 148% annual yield.
The All-Stars journey to their launch in model 😉 Need to journey alongside?
Get your $STARS earlier than it is too late: https://t.co/8IZTKBdAp2 pic.twitter.com/9iOZEbkRIx
— Crypto All-Stars (@all_stars_coin) December 15, 2024
At present priced at $0.0016782, STARS will be bought utilizing ETH, USDT, BNB, a number of meme cash, and financial institution playing cards.
The STARS presale concludes in lower than 22 hours, with its launch anticipated early subsequent week.
Purchase STARS right here.
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