Solana's Jupiter Lend Launches First Institutional Lending Market
- Institutional Market Launch: Solana's Jupiter Lend has partnered with Bitwise Asset Management to launch its first institutional lending market, specifically curating a dedicated USDe pool, marking the first time an institutional asset manager has curated a market on the platform, which is expected to attract significant institutional capital.
- Liquidity Lock Achievement: Jupiter Lend achieved $500 million in total value locked within the first 24 hours of its public launch, making it one of the fastest launches in onchain lending history, demonstrating strong market demand for its innovative offerings.
- Isolated Pool Design: The newly launched Ethena USDe market is structured as an isolated pool, separate from existing liquidity, designed to accommodate institutional capital at scale, thereby enhancing the platform's risk management capabilities.
- Strategic Partnership Significance: Bitwise serves as the curator, applying its onchain asset management and risk oversight capabilities to support the market's parameters, reflecting Jupiter Lend's strategic positioning in the DeFi space as it aims to become the primary DeFi application layer on Solana.
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Technical Analysis for USDe
Technical Sentiment Analysis for Ethena USDe (USDe). As of , Ethena USDe (USDe) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for USDe 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, USDe 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 USDe (USDe) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.997 | 0.998 | 0.999 | 1 | 1.001 | 1.002 | 1.003 |
| Fibonacci | 0.998 | 0.999 | 0.999 | 1 | 1.001 | 1.001 | 1.002 |
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