Securitize proposes BlackRock BUIDL fund as collateral for Frax USD
Securitize's Proposal: Securitize has proposed to use the tokenized BlackRock US dollar Institutional Digital Liquidity Fund (BUIDL) as collateral for the Frax USD stablecoin, aiming to enhance yield opportunities and reduce counter-party risk, pending community approval.
BUIDL-backed Stablecoin Development: Ethena Labs launched a new BUIDL-backed stablecoin called USDtb, which achieved $65 million in total value locked on its first day, while BlackRock is seeking to integrate BUIDL as collateral on crypto derivatives exchanges to compete with existing stablecoin issuers.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA) As of , Ethena (ENA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ENA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ENA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0467 | 0.0732 | 0.101 | 0.128 | 0.156 | 0.182 | 0.21 |
| Fibonacci | 0.0732 | 0.094 | 0.107 | 0.128 | 0.148 | 0.161 | 0.182 |
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