Ether Price Plummets 6% as Green AI Crypto Presale Heads to $4M – Best Crypto to Buy Now?

Ethena price has dropped by 6% in the past 24 hours and is trading at $0.7092, with a trading volume of 40% as of 04:07 AM EST.
This comes against the backdrop of depressed overall market sentiment, with Bitcoin prices still languishing between $64,000 and around $66,000.
Ethena Price Prediction
For Ethena price, the synthetic dollar protocol built on Ethereum, it may soon bottom as it fills a triangle pattern. With the $0.6229 Fibonacci base as a support level, ENA price may be ready for a bullish breakout.
Supporting this view, the relative strength index (RSI) has broken above the downtrend line resistance. If the bulls achieve a higher high on this momentum indicator, it will confirm a change in the market structure.
In addition to higher highs on the RSI, traders should also wait for the moving average convergence divergence indicator (MACD) to cross through the orange area of the signal line.
The upside potential of Ethena price is limited by multiple levels of supplier congestion. First, the downtrend line has been limiting the upside potential of ENA for a long time. If this barrier turns into a support level, it will pave the way for the continuation of the trend.
However, once it rebounds off this support level, Ethena price is likely to face resistance at the 78.6% Fibonacci Retracement level of $0.8382. In a highly bullish scenario, ENA price is likely to move into the Fibonacci Golden Zone between the 61.8% and 38.2% Retracement levels.
Traders watch this area closely because it often acts as a strong support or resistance area, signaling a potential price reversal.
To confirm an uptrend, Ethena price must move into the golden zone and breakout and close above the 50% Fibonacci placeholder at $1.1259.

GeckoTerminal: ENA/USD 1-day chart
The opposite situation
On the other hand, if the downtrend line continues to act as resistance, Ethena price could retrace. A breakout and close below $0.6229 on the one-day timeframe would invalidate the bullish view.
As Ethena price prepares for its next move, investors looking to diversify their portfolios could consider eTukTuk (TUK), a new green cryptocurrency focused on electric vehicles that YouTuber DCA says is “changing the world.”
eTukTuk has a bright future
To date, the project has raised more than $3.3 million in funding.
TUK is the native cryptocurrency of the eTukTuk ecosystem. It is considered a revolutionary cryptocurrency project that aims to help Tuk Tuk drivers adopt a more energy-efficient and environmentally friendly mode of transportation.
From harming ecosystems to accelerating climate change, rising air pollution is everywhere.
Let's take action and work towards cleaner air!
#eTukTuk
.
pic.twitter.com/3IIfYh8m1I
— eTukTuk (@eTukTukio)
May 8, 2024
Its focus is on developing countries in Africa and South Asia, starting with Sri Lanka. It will introduce electric Tuk Tuks and a range of electric vehicle charging stations (EVSEs) to selected countries.
Switching to electric vehicles isn’t just good for the planet, it’s good for your wallet, too!
Save on fuel costs, enjoy tax benefits, and reduce maintenance expenses.
and
#eTukTuk
Let’s drive smarter and save more money.
pic.twitter.com/2fUFjNkBOX
— eTukTuk (@eTukTukio)
May 15, 2024
The team is committed to creating an environment that fights carbon and is doing so by integrating blockchain and artificial intelligence technologies. In addition, the project is accelerating the global shift to electric vehicle use by promoting green transportation.
Which side are you on?
join in
#eTukTuk
Let’s join hands in the ecological revolution and drive towards a greener and cleaner future!
pic.twitter.com/Kxwte0SVe6
— eTukTuk (@eTukTukio)
May 12, 2024
The project will also feature a game that will have players racing cars through the streets of Sri Lanka, where they can pick up and drop off passengers at various locations.
Exciting announcement
We are very happy to announce that our long awaited game "Crazy Tuk Tuk Taxi" is now also available for download on the App Store
Complete missions, earn rewards, and participate in exciting competitions
Download Now:
https://t.co/E2rb7J8r2e
pic.twitter.com/XXgV8Wgz0Y
— eTukTuk (@eTukTukio)
April 21, 2024
Buy and stake TUK during the presale
Staking token holders can enjoy an annual return (APY) of up to 84%. TUK token rewards will be distributed to users at a rate of $4.75 per BSC block. Rewards will be paid out over 3 years and are determined based on your share in the staking pool and the annual return percentage.
Introduce the purchase and pledge mechanism to obtain
$TUK
Tokens and stake instantly, starting a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair and attractive incentive structure.
pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio)
October 10, 2023
TUK token is priced at $0.0315. If you are interested in the project, please note that the price will increase in about three days.
Visit the eTuktuk website
Also read:
How to buy eTukTuk (TUK) during the pre-sale period
Best AI Cryptocurrency Projects: Top Picks for 2023
Green AI Revolution in Web3 - How to Seize the 100x Opportunity of eTukTuk
eTukTuk (TUK) Enters 2024 with Massive Funding, Click Here to Find Out Why
eTukTuk strives to bring sustainable transportation to developing countries through innovative three-wheeled electric vehicles and charging infrastructure
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