Top trader Eugene: ENA is healthy and will soon break through $0.5

BlockBeats news, on October 16, top trader Eugene said on his social platform that ENA rose from $0.28 to $0.42, and spot buying remained stable and large, indicating that strong buying is pouring in. From a momentum perspective, this looks healthy, and technically it has not deviated from the 1-hour trend line since October 10.

"I think ENA is about to break through $0.5."

Earlier, Eugene Ng Ah Sio published a long article saying, "Ethena is the fastest growing DeFi product in history. It has expanded the size of its revenue stablecoin to $3 billion in a few months. If ENA cannot become a top 20 token by market value, I will be surprised."