A crypto analyst who has a large following believes that an Ethereum-based DeFi token is poised for a significant rally. The analyst, known as The Flow Horse, suggests that the governance token of Ethena (ENA) is one of several new altcoins that present opportunities but require patience for a payoff. The analyst points out that ENA, which has experienced a pullback, is showing signs of a diagonal breakout setup that could lead to substantial gains. However, the analyst notes that this rally may not occur for another year. Another crypto analyst, Altcoin Sherpa, agrees that ENA looks promising and expects it to continue its upward momentum after retesting a key Fibonacci retracement level. The analyst highlights the strong support/resistance level and overall market conditions as positive factors for ENA. Looking at the altcoin markets as a whole, another analyst called Rekt Capital suggests that the OTHERS chart, which tracks the market cap of all cryptocurrencies excluding the top 10, is showing potential for a bounce off the $250 billion level. Based on the analyst’s chart, the target is set at $315 billion before potentially reaching the previous highs near $425 billion. Currently, ENA is valued at $0.885, representing an 8% increase for the day. As always, investors are advised to conduct thorough research and exercise caution when investing in cryptocurrencies.