Story, Ethena, Bittensor surge! Three dark horses challenge key resistance

Story has retraced after three consecutive days of increase, with Ethena benefiting from the onshore listing of USDtb, soaring by 13%. Bittensor has broken through resistance after receiving support from Barry Silbert's flagship fund. These three major Crypto Assets lead the market recovery, but Story faces pressure at the 100-day EMA of 7.232 USD, Ethena challenges the 0.4858 USD level, and Bittensor approaches the key Fibonacci retracement level of 462 USD. Technical signals indicate that a decisive moment is approaching.

Story Coin: 100 Day EMA Becomes the Key to the Final Battle

(Source: Trading View)

According to the price trends over the past 24 hours, Story (IP), Ethena (ENA), and Bittensor (TAO) have performed the best in the recovering market. The Story token paused after a 22% increase on Monday, potentially breaking a three-day streak of daily gains.

Technical Dilemma: 7.232 USD Resistance Level

As of Tuesday's press release, the Story token has dropped by 2%, ending a three-day uptrend. The IP faces resistance near the 100-day Exponential Moving Average (EMA) at $7.232, a level that had served as support since September 26 and has now turned into a pressure point.

Key Price Levels:

Current resistance level: 7.232 USD (100-day EMA)

If it successfully breaks through this level, the IP pump may continue to the 50-day EMA of 8.307 USD, followed by the level of 11.835 USD, which is equal to the high point on September 9.

Pullback Risk Level:

There is a risk of further decline during the intraday pullback, dropping to the 200-day EMA of $6.200, followed by the support level of $5.417 at the low on August 15.

· Technical indicator signals are inconsistent

The technical indicator signals on the daily chart are mixed, indicating that the market is in a wait-and-see state:

Relative Strength Index (RSI)

Bouncing back from the oversold boundary to 41 indicates that selling pressure is weakening, but it has not yet entered the strong zone (above 50).

Moving Average Convergence Divergence (MACD)

The MACD and its signal line maintain a downward trend, indicating that there is resistance above. If the MACD breaks through the signal line, it will confirm that the trend momentum has turned bullish.

The divergence state of this technical indicator suggests that Story is at a critical turning point. A breakthrough at 7.232 USD will open up a new round of upward space, while otherwise it may retest lower support levels.

Ethena Revival: USDtb Onshore Listing as a Catalyst

(Source: Trading View)

The resurgence momentum of Ethena gained traction above 0.45 USD, but multiple resistances lurk above. As of Tuesday when this article was written, Ethena stabilized above 0.4600 USD, up 13% from the previous day, continuing the 7% pump from Sunday.

· Strategic Significance of USDtb Smart Contract Transfer

The transfer of USDtb smart contracts to Anchorage Digital marks the onshore listing of this stablecoin, bringing it one step closer to full compliance with the GENIUS Act. This regulatory compliance milestone brings significant benefits to the Ethena ecosystem and enhances the confidence of institutional investors.

Anchorage Digital is the first digital asset bank to receive regulatory approval from the U.S. federal government, and the transfer of the USDtb smart contract means:

Regulatory compliance enhancement: meeting the requirements of the U.S. regulatory framework.

Institutional Adoption Accelerated: Bank-level Custody Services Reduce Barriers to Entry for Institutions

Improvement in liquidity: The opening of the onshore market increases trading depth.

Reputation endorsement: Collaboration with regulated financial institutions enhances project credibility.

· Multiple Resistance Levels Test

The rebound trend on the 4-hour chart is approaching the 50-period EMA (0.4858 USD), which serves as the initial dynamic resistance level. If the upward trend breaks through this EMA, the resistance trend line formed by connecting the highs on September 9 and October 2 will become a critical crossroads, located near the 100-period EMA (0.5322 USD).

Ethena Price Path Chart:

First checkpoint: 0.4858 USD (50-period EMA)

Second level: 0.5322 USD (100 period EMA and resistance trend line)

Retracement support: 0.4000 USD (psychological support at integer level)

Strong support level: 0.3459 USD (Sunday low)

· Technical indicators are bullish overall

The technical indicators on the same chart maintain a bullish tendency, providing support for further increases of Ethena:

MACD Momentum Strong

The rising trend of the MACD and its signal line is supported by the stable increase of the green histogram, indicating that bullish momentum continues to strengthen.

RSI breaks the midline

RSI 54 breaks the midpoint, indicating increased buying pressure and a shift in market sentiment from cautious to aggressive.

On the other hand, if the reversal of the 50-period EMA occurs, it may retest the integer level of 0.4000 USD, followed by the low of 0.3459 USD on Sunday. Investors should closely monitor the breakout at 0.4858 USD as a key indicator for subsequent trends.

Bittensor Breakthrough: Barry Silbert Fund Support

(Source: Trading View)

Bittensor's pump has broken through 400 USD, approaching the key monthly resistance level near 462 USD. As of Tuesday's press time, Bittensor's stock price has fallen over 2%, following three consecutive days of increase, breaking through the resistance trend line formed by the peaks on January 6 and July 22.

· The Catalytic Role of Barry Silbert's Flagship Fund

Barry Silbert announced the establishment of a flagship fund for the Bittensor subnet token, becoming a key catalyst in the short term. Barry Silbert is the founder and CEO of Digital Currency Group (DCG), one of the most influential investment institutions in the crypto assets space, which includes well-known brands such as Grayscale, Genesis, and CoinDesk.

The significant meaning of this announcement is:

1. Institutional Level Recognition

DCG's involvement represents mainstream institutions' recognition of the long-term value of the Bittensor decentralized AI network.

2. Liquidity Expectations

The establishment of the flagship fund will bring continuous buying support for Bittensor subnet tokens.

3, Ecosystem Development

Funding support will accelerate the development and application scenario expansion of the Bittensor subnet.

4. Increased Market Attention

DCG's endorsement will attract more investors' attention to the Bittensor ecosystem.

5. Key Fibonacci Retracement Levels Battle

The breakthrough rebound is approaching the key resistance zone near $462, which aligns with the 50% Fibonacci retracement level from the $748 high on December 6 to the $177 low on April 6.

Bittensor Price Scenario Analysis:

Bullish Scenario:

If TAO breaks the resistance at 462 USD with a decisive closing price, its target may be the 61.8% Fibonacci retracement level at 530 USD. This would represent an upward potential of about 30% from the current price.

Bearish Scenario:

Looking down, a potential bearish reversal may retest the 38.2% Fibonacci retracement level at $395. This level has recently provided support, and if broken, it could trigger a deeper pullback.

· Technical indicators show strong momentum

The RSI indicator is at 67, close to the overbought zone, indicating increased buying pressure. Although it is nearing the overbought boundary (70), it has not yet reached extreme levels, suggesting that there is still room for upward momentum to continue.

MACD Confirms Bullish Trend:

The MACD indicator and signal line maintain a stable upward trend above the zero axis, confirming the strengthening of bullish momentum. The continued expansion of the green histogram further validates the bullish-dominated pattern.

Common Characteristics and Investment Strategies of the Three Dark Horses

Story, Ethena, and Bittensor have performed outstandingly in the recovering market, but from a technical perspective, the recovery of the best-performing stocks will face severe resistance, which may suppress the rebound.

· Common Feature Analysis

1. Catalyst Driven

All three have clear fundamental catalysts for their pump: the onshore listing of Ethena's USDtb, the support of Bittensor's Barry Silbert fund, and the warming market sentiment for Story.

2. Key Resistance Level Test

All three are facing significant technical resistance levels, and whether they break through will determine the direction of future trends.

3. Technical Indicator Divergence

Indicators such as RSI and MACD show varying degrees of strength signals, reflecting that the market is at a critical turning point.

4. The risk of callback exists

The profit-taking pressure after consecutive increases cannot be ignored, and investors need to manage risks effectively.

Investment Strategy Suggestions

Swing Traders

Pay close attention to the breakthrough of key resistance levels. The decisive levels are 7.232 USD for Story, 0.4858 USD for Ethena, and 462 USD for Bittensor. Once the breakthrough is confirmed, you can pursue long positions, but strict stop losses must be set.

Medium Line Holder

Waiting for a pullback to the support level to build positions may be more prudent. The $6.200 of Story, $0.4000 of Ethena, and $395 of Bittensor are all potential low entry opportunities.

Risk Management

Be cautious when chasing highs at the current position; it is recommended to build positions in batches and set stop losses. When technical indicators approach the overbought area, profit-taking may occur at any time.

Fundamental Tracking

Continuously monitor the regulatory progress of Ethena's USDtb, the details of Bittensor's DCG fund, and the ecological development dynamics of Story, as these factors will influence the medium to long-term trends.