Ethena (ENA) is facing various challenges and opportunities due to several major events. There is potential resistance to ENA's price, even as a Coinbase listing is reportedly around the corner. Despite this, there is optimism with predictions of a
bullish breakout toward $0.95, with some hoping for a rally to $1. Notably, a mystery whale accumulated $4.41M worth of ENA amid Coinbase listing rumors. Despite a drop in price of 20% in the past week, a
rally of 75% from the current price is being considered possible.There is also the scheduled release of 17M tokens before a $54M unlock, which could recreate selling pressure. Some key factors to keep an eye on include the Q2 mainnet launch for a
Real World Assets (RWA) focused blockchain, ENA's inclusion in Coinbase's asset roadmap and the recently launched task force by
BaFin forcing Ethena to wind down its German operations.There is also a significant update regarding
Ethena's USDe stablecoin, which managed to enter the top three list of stablecoins after its price jumped 7%.Several major buying signals have been spotted for ENA, as the
iUSDe launch approaches and Ethena secures partnerships with TON and Trump's World Liberty Financial. This, in combination with Trump's recent $500K investment in WLFI, resulting in a 525% price surge. However, concerns remain about a pending $820M token unlock, and Ethena exiting the German market. Towards the end, optimism prevails with the price seeing a rally toward $1.72 amidst expectations of new all-time highs.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Sat, 28 Jun 2025 07:06:49 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor 4
