One of the analysts closely followed that the total market value of the five largest stablecoins has reached unprecedented horizons.
Martinez encryption dealer Recount His 131,400 followers on the social media platform X that the highest five encoding assets by five dollars by the market roof have a total assessment of $ 204.7 billion.
The five largest stablecoins in the Tether’s Usdt, Circle’s USDC, Usds, Ethena’s Usde and Dai, according to data from Coingecko.
The maximum high -purchasing stablecoin market suggests more purchasing power on the margin. It may also indicate that investors empty their encryption assets for dollar coins.
Looking at Ethena (Ena), a decentralized protocol designed to provide an alternative on encryption for the traditional banking system, Martinez He says Altcoin clarifies a bullish sign based on the series TOM DeMark.
Traders use the TD serial index to predict the potential trend reversions of the distinctive symbols based on the 13th previous bars closure prices.
“Etheina Ena Toms Bald Blinds! The TD Series Series Series indicate indicates on the weekly graph, along with a hammer candlestick in the main support, that the strong bounce may be at the forefront.”
The hammer candle pattern is usually seen as a bullish reflection signal with the candle that indicates the demand.
At the time of writing this report, Ena is traded for $ 0.44.
Trading Add The decentralized network (Link) and Clischain Celestia (TIA) is also Show Possible recovery marks based on the TD sequence index.
At the time of writing this report, the link value is $ 14.30 and TIA is trading for $ 3.11.
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