๐ฅ Gate Square Event: #PostToWinPORTALS# ๐ฅ
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
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Event Period: Sept 18, 2025, 18:00 โ Sept 25, 2025, 24:00 (UTC+8)
๐ Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
๐ https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
๐ https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
๐ https://www.gate.com/announcements/articl
Technical Outlook: ENA Tests Key Support as Downside Pressure Mounts:
Ethena (ENA) is clinging to the 50-day EMA at $0.6664 heading into Friday, with momentum indicators pointing to a fragile setup. The broader bias appears tilted downward, as multiple signals align against the bulls.
The MACD has held a sell signal since Monday, reinforcing bearish sentiment and encouraging traders to scale back exposure. At the same time, the RSI has slid to 44 from overbought territory at 74 earlier in August, confirming waning momentum and strengthening the downside case.
If ENA loses its grip on the 50-day EMA, traders may shift focus to the 100-day EMA at $0.5852 and then the 200-day EMA at $0.5332, levels that could attract buyers seeking discounted entries.
That said, the 50-day EMA remains an important pivot level. A successful defense here could spark an immediate rebound, setting ENA up for a potential rally back toward $0.8721, the range high.
In short: failure to hold $0.6664 opens deeper downside, while resilience at this level could flip sentiment quickly in favor of the bulls.
#ENA#
#Fed Cuts Rates By 25 Bps#
good luck ๐ค