Ethena Price Plunges 6% As This Green AI Crypto Presale Charges Towards $4 Million – Best Crypto To Buy Now?

The Ethena value has plunged by 6% previously 24 hours to commerce for $0.7092 as of 04:07 a.m. EST on buying and selling quantity that slumped 40%.

It comes amid broader market gloom because the Bitcoin value stays range-bound between $64,000 and about $66,000

Ethena Worth Prediction

For the Ethena value, the artificial greenback protocol constructed on Ethereum could backside out quickly because it fills a triangle sample. With the $0.6229 Fibonacci base holding as a help degree, the ENA value could also be primed for a bullish breakout.

Supporting this thesis, the Relative Power Index (RSI) has breached resistance because of the descending trendline. If the bulls handle the next excessive on this momentum indicator, it could verify a budding change in market construction.

Moreover the next excessive on the RSI, merchants also needs to look forward to the Transferring Common Convergence Divergence (MACD) to cross above the orange band of the sign line.

The upside potential for the Ethena value is constrained by a number of provider congestion ranges. To start with, the descending trendline has stunted ENA’s upside potential for alongside time. A flip of this roadblock right into a help degree would pave the way in which for a continuation of the pattern.

A bounce atop it, nonetheless, may see the Ethena value confront resistance introduced by the 78.6% Fibonacci retracement degree of $0.8382. In a extremely bullish case, the ENA value may foray into the Fibonacci Golden Zone between the 61.8% and 38.2% retracement ranges.

Merchants watch this zone intently, because it usually acts as a robust help or resistance space, signaling potential value reversals.

For a confirmed uptrend, the Ethena value should foray into the Golden Zone, and break and shut above the 50% Fibonacci placeholder at $1.1259.

GeckoTerminal: ENA/USD 1-day chart

Converse Case

However, if the descending trendline continues to carry as resistance, the Ethena value may retract. A break and shut under the $0.6229 on the one-day timeframe would invalidate the bullish thesis.

Because the Ethena value coils up for the following transfer, buyers trying to diversify their portfolio would possibly take into account eTukTuk (TUK). It’s a new inexperienced crypto specializing in electrical automobiles that YouTuber DCA says is ”altering the world.”

Promising Various To Ethena

The presale is successful story after absorbing funds of greater than $3.3 million to date.

TUK is the native cryptocurrency for the eTukTuk ecosystem. It presents itself as a revolutionary cryptocurrency venture that goals to assist Tuk Tuk drivers undertake a extra energy-efficient and environmentally pleasant mode of transportation.

From endangering ecosystems to accelerating local weather change, rising air air pollution is aware of no bounds.

Let’s take motion for cleaner air with #eTukTuk. pic.twitter.com/3IIfYh8m1I

— eTukTuk (@eTukTukio) May 8, 2024

Its focus is on creating economies in Africa and South Asia, beginning with Sri Lanka. It’s going to introduce electrical Tuk Tuks and a community of Electrical Automobile Charging Stations (EVSEs) to chose nations.

Switching to electrical automobiles is not simply good for the planet, it is also nice to your pockets!

Save on gas prices, profit from tax incentives, and revel in decrease upkeep bills.

Drive sensible, save extra with #eTukTuk. 💸 pic.twitter.com/2fUFjNkBOX

— eTukTuk (@eTukTukio) May 15, 2024

The staff is dedicated to making a carbon-fighting surroundings, and does so by integrating blockchain and AI applied sciences. Moreover, the venture promotes inexperienced transportation in a bid to speed up the worldwide transition to electrical car utilization.

Which aspect are you on? 🤔

Be a part of the eco revolution with #eTukTuk and let’s drive in the direction of a greener, cleaner future! 🌿🚗 pic.twitter.com/Kxwte0SVe6

— eTukTuk (@eTukTukio) May 12, 2024

The venture can also be launching a Play-To-Earn (P2E) sport during which gamers race across the streets of Sri Lanka. Whereas doing so, they get to select up and drop off prospects at completely different areas.

📢📢 EXCITING ANNOUNCEMENT 📢📢

We’re thrilled to announce that our awaited sport, Loopy Tuk Tuk taxi is now additionally obtainable on the App retailer 🤩

Full quests, earn rewards and compete in thrilling races 😎

Obtain now:https://t.co/E2rb7J8r2e pic.twitter.com/XXgV8Wgz0Y

— eTukTuk (@eTukTukio) April 21, 2024

Purchase And Stake TUK In The Presale

Token holders staking their holdings take pleasure in annual yields (APY) as excessive as 84%. TUK token rewards shall be distributed to customers at a price of 4.75 $TUK per BSC block. Rewards shall be payable over 3 years and are decided by your share of the staking pool and annual returns share.

Introducing Purchase and Stake mechanism, get $TUK tokens and immediately stake them, initiating a dynamic APY.

Early stakers take pleasure in larger returns as APY adjusts with participation, encouraging early adoption and a good, engaging incentive construction for all. 💫 pic.twitter.com/pMrXEZzB3f

— eTukTuk (@eTukTukio) October 10, 2023

TUK tokens are priced at $0.0315. If the venture attracts you, beware that the worth will enhance in about three days.

Go to the eTuktuk web site right here

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