Ethena (ENA) is making significant market moves with various circumstances affecting its price. The coin saw a
17% drop in a week and faced turbulence defending the $0.61 support. Despite this, it still shows potential with a predicted 0.42% monthly growth, aiming at $0.7373 by June 2026.
Notably, the cryptocurrency is getting substantial backing, with significant investments coming from reputable investors like Arthur Hayes who has invested in HYPE, ENA, and ETH. However, news of ENA's massive token unlocks has caused concerns that it could potentially harm the coin's longevity.
Despite the hurdles, ENA's progress continues. The surge of Ethena's
USDe paving its way past BlackRock’s Bitcoin and Ether ETFs with a $3.1B inflow signals a significant achievement. It held a bullish momentum above $0.72, aiming at outperforming DeFi tokens with $1.40.
A golden cross sparked a 14% gain in Ethena, targeting a $1 breakout move this August. Ethena also broke $0.70 after an 18% rally. Still, despite a price surge, Ethena faced stiff resistance due to the upcoming Coinbase listing and massive token unlock.
Anchorage Digital recently partnered with Ethena Labs to launch the first GENIUS-Compliant, federally regulated stablecoin. Moreover, institutional investors moved $29.8M in ENA to Exchanges amid a price surge.
ENA Coin News Analytics from Wed, 12 Mar 2025 07:00:00 GMT to Wed, 20 Aug 2025 17:00:39 GMT -
Rating 5
- Innovation 5
- Information 7
- Rumor 2
