Crypto analysts note that POL needs to reclaim the $0.364-$0.509 range to prevent further sell-offs and stabilize its value.

Polygon could see a whale led market recovery, although it also faces a potential drop.

Polygon (POL) is currently facing strong bearish price action, with experts predicting a potential 44% price drop amid the ongoing market downturn. As of January 30, 2025, technical analysis indicates that the cryptocurrency may experience significant declines, with the price potentially falling to as low as $0.23.

Ethena (ENA) has faced significant price declines recently, leaving many investors wondering if the altcoin can turn things around. With a drop of 14% in just 24 hours and a continued bearish trend, ENA has been caught in a downward spiral.

An influx of short positions in the market, while bearish, could lead to a short squeeze scenario that fuels an uptrend.

Wanchain wants to introduce a series of cross-chain routes that will connect Polygon zkEVM with major blockchain networks.

Ethena (ENA) has caught the attention of investors and analysts alike, as the cryptocurrency's price bounces from a key Fibonacci retracement level, positioning the token for a potential surge. After hitting a crucial support zone, ENA is showing bullish signs, with key targets of $1.63, $2.15, and $2.61 now within reach.

The altcoin space plummeted over the past day as Donald Trump failed to comment on cryptocurrency during the inauguration ceremony. While most assets endured significant declines, TRUMP (Official Trump), Dogecoin, and Ethena attracted attention due to separate post-inauguration events. Let us find out more.

The cryptocurrency market is rife with paradoxes, and the recent Ethena price movements paint a picture of such a conundrum. Currently trading at $0.8526, Ethena (ENA) has experienced a 7.5% drop in the last 24 hours, positioning it at a lower price point than its recent highs.

Immediately after Trump's inauguration ceremony, World Liberty Financial spent $110 million in stablecoin to purchase various crypto.

ENA surges from key Fibonacci 0.618 level! Analysts predict explosive targets at $1.63, $2.15, and $2.61.

The team behind President Donald Trump's crypto operations is on an aggressive accumulation spree of crypto assets before and during the 2025 inauguration ceremony.

World Liberty Financial has ramped up its investment activity, spending $109.1 million across six cryptocurrencies in a single day. The fund allocated $47 million within the past hour to acquire 7,022 ETH worth $23.5 million, 174.1 WBTC for $18.8 million, and 5.037 million ENA tokens valued at $4.7 million.

World Liberty, backed by Trump, acquired $70M in ETH, LINK, AAVE and TRON, significantly boosting its portfolio to $325M. The post Trump-backed World Liberty buys $70M in ETH, TRX, LINK, AAVE, and ENA appeared first on Crypto Briefing.

Donald Trump-affiliated project World Liberty has diversified its treasury even further with these recent token purchases.

Ethena's (ENA) price has recently experienced increased volatility, with large holders, or whales, driving significant sell-offs. Despite a brief surge in price over the past 24 hours, the asset's overall bearish sentiment continues to dominate, putting ENA at risk of further declines, potentially even below $0.7.

Ethena (ENA) has been facing significant challenges in recent weeks, primarily due to large-scale sell-offs by whale investors. The token, which had experienced some fluctuations, recently saw a sharp drop in value, triggering concerns about its future price trajectory.

Despite Bitcoin experiencing a bullish rally, the prime altcoin, Ethereum (ETH), has lagged in relative terms. Ethereum has found the $3,800 price level, a critical resistance it has not breached in the past 30 days.

Investor profit-taking has shaken market confidence in ENA, prompting a sharp sell-off.

A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern.

Ethena (ENA), once a promising cryptocurrency, is now under significant pressure as its price continues to drop. After losing the crucial support level of $0.86, the token has slipped to $0.81, leaving many investors worried about its future.

ENA trades below critical support levels, with analysts predicting further declines unless a recovery above $0.86 is achieved.

The team estimates it could earn approximately 27% APY, helping drive revenue to Sky and maximizing returns for Savings USDS depositors.

Ethena token stabilized after falling sharply in recent days following Spark's announcement of stablecoin integration. Ethena (ENA) rose to $0.83 on Jan. 14, recovering from this week's low of $0.7255.

Ethena (ENA), a promising contender in the cryptocurrency space, is under scrutiny following a significant $6.46 million deposit of 7.85 million tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit. This high-profile move has fueled market speculation about potential sell-offs or strategic repositioning, driving a 9.84% price drop.

ENA faces market challenges, yet investor sentiment remains cautiously optimistic.

Arthur Hayes actively traded Ethena (ENA), while also encouraging users to buy USDe for staking.

USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It's a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar.

Bitcoin (BTC) dipped to its lowest level since November as its post-election rally lost steam. BTC fell to an intraday low of $91,314 before recovering to its current level of $93,311.

Ethena (ENA) has experienced a significant 18% drop in price over the last 24 hours, pushing its market cap below the $3 billion mark. Despite this, ENA remains one of the top 50 largest cryptocurrencies by market capitalization.

Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi.

Digital assets remain in the red as Bitcoin hovers below $95K after its recent plunge from above $100K. Ethena saw its value decline over the past few days, and a 7% price dip in the past day plunged its market cap beneath $3 billion.

Ethena (ENA) price has dropped 18% in the last 24 hours, pushing its market cap below $3 billion. Despite this decline, ENA remains one of the top 50 largest cryptos by market cap.

Ethena, a well-known synthetic dollar protocol built on the Ethereum blockchain, is considering its next goals for the new year.

TL;DR Ethena surpasses DAI and reaches a $6 billion market capitalization with its stablecoin USDe, standing out in the sector. The integration of sUSDe into Aave drives over $1 billion in inflows in just a few weeks, attracting large investors. Ethena launches USDtb, a stablecoin backed by U.S.

As a minor pullback in the ENA price harming the Ethena whales' confidence, the price analysis reflects a buying opportunity.

Regarding the 2021 market cycle, Polygon and Solana were two exciting success stories. These tokens delivered life-changing rewards, proving the great potential of newly started initiatives. However, as fresh competitors enter the crypto market, one token, Rexas Finance (RXS), is underlined as the next big thing. Priced under $0.

Ethena shows strong technical indicators and consistent growth across multiple timeframes, with a potential target of $2.44

ENA's recent activity among whales and retail traders places the asset in a favorable position.

The Block's GMCI indices for memecoins and AI tokens ended 2024 as the largest gainers, while gaming and Layer 2 tokens lost value overall.

Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.

Here is how some of your favorite assets concluded the week.

The crypto project backed by BitMEX founder Arthur Hayes wants to explore a potential market for financial services on the messaging platform Telegram. In a statement, Ethena Labs says it's mulling building a Telegram-based savings and payment application this year as it sees a $50 billion market for its synthetic dollar USDE.

Ethena Labs, a prominent player in the world of synthetic dollars, has unveiled an ambitious 2025 roadmap designed to enhance the accessibility and usability of its innovative financial products. Central to the plan is the integration of iUSDe, a synthetic dollar variation, into traditional finance (TradFi) portfolios, offering attractive 20% annual percentage yields (APY) to investors seeking stable returns in the current economic climate.

Ethena (ENA) has garnered significant attention in the crypto space, surging by over 11% in the past 24 hours and pushing its market capitalization to a solid $3.5 billion. This rally is driven by a range of strong technical indicators that suggest the token may have more room for growth in the near future.

The Aave community has pushed back against the proposal, questioning whether it addresses the core risks.

In 2024, Ethena (ENA) was one of the cryptocurrencies that shined the most, gaining major attention from investors. However, things might go to another level after its strategic growth and new development plans.

Ethena (ENA) is showing strong bullish momentum, breaking key resistance levels and attracting steady capital inflows.