2024

AI Crypto

Green

Ethena

<div class="insidebitcoins">
 The Ethena price has dropped by 2% in the past 24 hours to trade for $0.8511 as of 01:43 a.m. EST on trading volume that dipped 40%.
 Markets have pulled back ahead of a decision on spot Ether ETFs (exchange-trade funds) today.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 My best guess is we hear from the SEC around 4pm tomorrow. For spot btc they dropped it at 3:45pm, some others in past were slightly after 4pm. Anything poss tho https://t.co/MzTOcsmTnJ
 — Eric Balchunas (@EricBalchunas) May 22, 2024
 </blockquote>
 
 <h2 id="the-ethena-price-prediction">The Ethena Price Prediction</h2>
 The Ethena price is trading with a bullish bias, having broken above a descending parallel channel. With the breakout, ENA is consolidating along an ascending trendline.
 The token faces immediate resistance due to the $0.9706 resistance level, with selling pressure from this supplier congestion level causing a correction.
 The Relative Strength Index (RSI) appears subdued, moving horizontally. However, its position above the mean level of 50 is bullish. It shows the market is more in favor of the upside than the downside. &nbsp;The Moving Average Convergence Divergence (MACD) is above the orange band of its signal line.
 The histograms of the MACD also tilt the odds further in favor of the upside, as they flash green to show the dominance of the bulls in the ENA market.
 If the bulls are able to increase their buyer momentum, the Ethena price could shatter resistance due to the $0.9706 blockade. A stable close above this level on the one-day timeframe would encourage more buy orders, sending the altcoin north. Traders looking to take new long positions on the Ethena price should probably wait for a decisive candlestick close above the aforementioned level.
 <picture decoding="async" class="aligncenter wp-image-524527 size-full">
 <source type="image/webp" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 1366w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 1024w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 768w" srcset="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201366%20768'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 1366px) 100vw, 1366px">
 <img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201366%20768'%3E%3C/svg%3E" alt="Ethena price" width="1366" height="768" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 1366w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 1024w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 768w" data-lazy-sizes="(max-width: 1366px) 100vw, 1366px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp"> 
 </picture>
 <noscript><picture decoding="async" class="aligncenter wp-image-524527 size-full">
 <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 1366w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 1024w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp.webp 768w" sizes="(max-width: 1366px) 100vw, 1366px">
 <img decoding="async" src="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp" alt="Ethena price" width="1366" height="768" srcset="https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 1366w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 1024w, https://cdn.thebittimes.com/images/2024/05/23/30892453569b93f23686e1576ba0cdaf.webp 768w" sizes="(max-width: 1366px) 100vw, 1366px"> 
 </picture>
 </noscript>
 GeckoTerminal: ENA/USD 1-day chart
 On the other hand, if ongoing profit taking continues, the Ethena price could drop. A slip below the $0.7737 support, and effectively losing the ascending trendline, would encourage more sell orders.
 If bearish momentum increases to send the Ethena price below the $0.6643 support level, the bullish thesis would be invalidated.
 <h2 id="promising-alternative-to-ethena">Promising Alternative To Ethena</h2>
 Even as the Ethena price works out its next move, some investors are accumulating the TUK token, the native crypto to the eTukTuk ecosystem. Its presale has already soared past $3.35 million in funds raised.
 The project presents a revolutionary cryptocurrency project set to help Tuk Tuk drivers adopt a more energy-efficient mode of transportation. Its focus is developing economies in South Asia and Africa and it will leverage the $TUK token to introduce electric Tuk Tuks and establish a network of Electric Vehicle Charging Stations (EVSEs).
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 "eTukTuk is one of the most creatively revolutionary projects to enter the EV sector in a long while. Although there are many EV projects, few align with the reality of people living in developing economies." – @CoinGapeMedia
 Read more here:https://t.co/ZfqdSLkbG7
 — eTukTuk (@eTukTukio) February 6, 2024
 </blockquote>
 
 Crypto YouTuber DCA Crypto says the TUK project is changing the world, and urges investors to buy early.
 
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/HdJyAYqHSUA" data-id="HdJyAYqHSUA" data-query="feature=oembed" data-alt="This AI Project Is Changing The World! Get In Early! eTukTuk"></div>
 <noscript><iframe title="This AI Project Is Changing The World! Get In Early! eTukTuk" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/HdJyAYqHSUA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 
 The project provides entry into a sustainable transportation revolution with its green $TUK token presale.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 1/ Witness the groundbreaking transformation of Jammu's public transport!@TataMotors, India's vehicle giant, has just rolled out a fleet of Ultra EV air-conditioned electric buses for Jammu Smart City 🧵⚡ pic.twitter.com/TUAwJHlMaz
 — eTukTuk (@eTukTukio) February 1, 2024
 </blockquote>
 
 The project boasts a strong use case. It sets the stage for the future of transportation with its integration of artificial intelligence and eco-friendliness. This innovative platform not only allows for immediate investment and earnings but also paves the way for a sustainable transportation revolution through electric vehicles (EVs).
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Electric vehicles offer more than just a ride.
 They're a #sustainable solution for cleaner air and savings on fuel costs.
 Make the smart choice for the planet and your wallet with #eTukTuk. 🌿💰 pic.twitter.com/ifcKMroANI
 — eTukTuk (@eTukTukio) May 6, 2024
 </blockquote>
 
 As governments in South Asia and Africa embark on ambitious electric vehicle adoption goals over the next two decades, eTukTuk is well-positioned to play a crucial role in driving this transition.
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Do you have eco-friendly transport options in your city?#greenmobility #SustainableFuture
 — eTukTuk (@eTukTukio) February 6, 2024
 </blockquote>
 
 Investors can also capitalize on eTukTuk’s staking mechanism, which offers an annual return of 83%. Users will get 4.75 $TUK for each BSC block in $TUK Token incentives.
 If you are interested, buy TUK tokens on the website now for $0.032. But don’t wait too long because a price hike is coming in just over a week.
 Visit and buy eTukTuk here.
 <h3 id="also-read">Also Read:</h3>
 <ul>
 <li>Green AI Revolution in Web3 – Here’s How You Can Seize the 100X Opportunity With eTukTuk</li>
 <li>eTukTuk (TUK) Storming Into 2024 With Massive Funding, Learn Why Here</li>
 <li>eTukTuk Strives to Bring Sustainable Transport to Developing Nations With Its Innovative Three-Wheeler EV and Charging Infrastructure</li>
 <li>Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!</li>
 </ul>
 Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethena-price-prediction-as-ena-falls-2-and-investors-rush-to-buy-this-green-ai-crypto-offering-an-83-apy-tbt89380.html">https://thebittimes.com/ethena-price-prediction-as-ena-falls-2-and-investors-rush-to-buy-this-green-ai-crypto-offering-an-83-apy-tbt89380.html</a>
</div>

Ethena Price Prediction As ENA Falls 2% And Investors Rush To Buy This Green AI Crypto Offering An 83% APY

Table of Contents

TheBitTimes

Other articles published on May 23, 2024

Ethereum Whales Come Alive: Are They Buying Or Selling?

JUST IN! Hong Kong Prepares to Approve as SEC Opposes Staking in Ethereum ETFs!

Render “Extremely Bullish” Despite Recent Sell-Off: Expert Reveals One More RNDR Dip Expected Bef...

Introducing STEPN GO: Rewarding Movement & Social Life

How to find a reliable crypto liquidity provider

Elon Musk's Update Triggers Excitement of XRP and Meme Communities

Join our free newsletter for daily crypto updates!