Ethena (ENA) has been commanding attention in the cryptocurrency space, managing to strike a remarkable run. It has generated significant bullish momentum, peaking at around a
40% weekly surge, with experts indicating it as an altcoin to watch. There appears to be constant institutional buying, sparking a supply crunch and driving its prices further north. The token has also seen significant technical action; its price recently crossed a golden cross, pushing its value upwards by 34%. As traders continue buying staking tokens, ENA rallied more than 10% amid ETH's surge. Speculation about ENA gearing up for a 50% price explosion is growing as Ethena whales are making a comeback. The Altcoin is showing resilience even amidst market uncertainty. But it's not all smooth sailing. ENA faces a critical breakout challenge between $0.73- $0.79, which could potentially influence its fate. The coin is undergoing several significant expected token unlocks that might affect its price. However, despite this, the token has rallied. Ethena is also testing new waters with TVL hitting a staggering $11.9 billion, and its synthetic stablecoin, USDe, has surged to become the third-largest in the world. With a significant transaction of 150M ENA tokens to exchanges, Ethena's TVL is surging 994%, driving the price higher and nearing $1, indicating the forthcoming integration with Pendle Finance. In the light of these events, one cannot help but anticipate a big reversal.
ENA Coin News Analytics from Thu, 05 Jun 2025 07:00:00 GMT to Wed, 27 Aug 2025 20:21:18 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 2
