[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  MountainGoat [@mountaingoatXBT](/creator/twitter/mountaingoatXBT) on x XXX followers Created: 2025-07-27 15:22:38 UTC $ENA (Ethena): 🌐 Macro View ✅ Tailwinds • Launch of compliant stablecoin USDtb under GENIUS Act with Anchorage Digital, enabling U.S. institutional adoption and $1.5B in commitments • Record buybacks totaling over $260M in ENA tokens, stabilizing supply and boosting liquidity • Surging USDe supply with nearly $5B added in past week, TVL at $7.64B amid high staking APYs ~10%, driving onchain activity and DeFi integrations • Positive momentum from partnerships and listings, including Anchorage, StablecoinX, potential Converge blockchain, enhancing long-term demand ❌ Headwinds • Upcoming token unlocks increasing circulating supply and potential selling pressure • Intense competition from established stablecoins like USDT and USDC eroding market share • Regulatory uncertainties beyond GENIUS Act compliance, including global scrutiny on yield-generating assets • Overbought technical signals and macroeconomic volatility potentially leading to sharp corrections 📉 Fibonacci Retracement ($1.52 high - $XXXXXX low) Fib Level Price XXXX% ~$0.508 XXXX% ~$0.701 XXXX% ~$0.858 XXXX% ~$1.014 XXXX% ~$1.237 Current price is ~$0.62 (as of July 2025), so $XXXXX is the key resistance level ahead. 🎯 Price Targets & Timeframes Bias Price Target Timeframe Notes Bullish $XXXX 3–6 months Breakout above XX% Fib + GENIUS Act momentum and buyback support $XXXX 6–12 months Institutional demand surges if USDe adoption accelerates or new integrations succeed Bearish $XXXX 1–3 months Pullback if unlocks intensify or competition weighs on sentiment $XXXX 3–6 months Breakdown to recent supports if inflows stall or regulatory hurdles emerge 🐂 Bullish Thesis • GENIUS Act compliance and USDtb launch creating pathways for mainstream U.S. adoption, with companies eyeing Ethena for yield-bearing treasuries. • Strong buybacks and TVL spikes signaling protocol growth, alongside whale accumulation and positive social buzz. • Rising staking participation and ecosystem expansions boosting confidence for sustained upside. 🐻 Bearish Thesis • Fierce rivalry from alternative stablecoin protocols capturing DeFi liquidity. • Potential regulatory pushback on synthetic dollars or yield mechanisms. • Overbought indicators and tokenomics risks leading to multi-month consolidations. 🔍 Summary • Consolidating near $XXXX resistance after recent buyback-driven rally. • If GENIUS Act traction and upgrades gain steam, $0.85–$1.20 zone is feasible. • $XXXX is must-hold support, or risk revisiting mid-2025 lows. XX engagements  **Related Topics** [onchain](/topic/onchain) [apys](/topic/apys) [staking](/topic/staking) [$764b](/topic/$764b) [tvl](/topic/tvl) [$5b](/topic/$5b) [usde](/topic/usde) [ena](/topic/ena) [Post Link](https://x.com/mountaingoatXBT/status/1949490621120757870)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
MountainGoat @mountaingoatXBT on x XXX followers
Created: 2025-07-27 15:22:38 UTC
$ENA (Ethena): 🌐 Macro View
✅ Tailwinds • Launch of compliant stablecoin USDtb under GENIUS Act with Anchorage Digital, enabling U.S. institutional adoption and $1.5B in commitments • Record buybacks totaling over $260M in ENA tokens, stabilizing supply and boosting liquidity • Surging USDe supply with nearly $5B added in past week, TVL at $7.64B amid high staking APYs ~10%, driving onchain activity and DeFi integrations • Positive momentum from partnerships and listings, including Anchorage, StablecoinX, potential Converge blockchain, enhancing long-term demand
❌ Headwinds • Upcoming token unlocks increasing circulating supply and potential selling pressure • Intense competition from established stablecoins like USDT and USDC eroding market share • Regulatory uncertainties beyond GENIUS Act compliance, including global scrutiny on yield-generating assets • Overbought technical signals and macroeconomic volatility potentially leading to sharp corrections
📉 Fibonacci Retracement ($1.52 high - $XXXXXX low)
Fib Level
Price
XXXX%
~$0.508
XXXX%
~$0.701
XXXX%
~$0.858
XXXX%
~$1.014
XXXX%
~$1.237
Current price is ~$0.62 (as of July 2025), so $XXXXX is the key resistance level ahead.
🎯 Price Targets & Timeframes
Bias Price Target Timeframe Notes
Bullish $XXXX 3–6 months Breakout above XX% Fib + GENIUS Act momentum and buyback support $XXXX 6–12 months Institutional demand surges if USDe adoption accelerates or new integrations succeed
Bearish $XXXX 1–3 months Pullback if unlocks intensify or competition weighs on sentiment $XXXX 3–6 months Breakdown to recent supports if inflows stall or regulatory hurdles emerge
🐂 Bullish Thesis • GENIUS Act compliance and USDtb launch creating pathways for mainstream U.S. adoption, with companies eyeing Ethena for yield-bearing treasuries. • Strong buybacks and TVL spikes signaling protocol growth, alongside whale accumulation and positive social buzz. • Rising staking participation and ecosystem expansions boosting confidence for sustained upside.
🐻 Bearish Thesis • Fierce rivalry from alternative stablecoin protocols capturing DeFi liquidity. • Potential regulatory pushback on synthetic dollars or yield mechanisms. • Overbought indicators and tokenomics risks leading to multi-month consolidations.
🔍 Summary • Consolidating near $XXXX resistance after recent buyback-driven rally. • If GENIUS Act traction and upgrades gain steam, $0.85–$1.20 zone is feasible. • $XXXX is must-hold support, or risk revisiting mid-2025 lows.
XX engagements
