Current Status (July 31, 2025)
Price: Ranges around $0.645–$0.668. Average trading at $0.667 according to CoinGecko and CoinMarketCap
Last 24-hour gain: Approximately 14–18% upside
Weekly gain: Ranges between 40–44%; strong monthly rally of 145–160%
Market capitalization: Approximately $4 billion (circulating supply ~6.35 billion
#ENA )
🚀 Technical and Fundamental Momentum
🔹 Key Developments
Aave Integration: Ethena's launch of Liquid Leverage on Aave has accelerated demand for
$ENA , directly supporting the price and increasing liquidity.
Whale Purchases: Approximately 52–79 million ENA tokens were purchased in the last 7 days. This signals strong institutional interest and a buy-on-the-dip strategy.
StablecoinX buyback: StablecoinX's $260M buyback program is reducing the circulating supply, putting positive pressure on the price again.
TVL Increase: TVL on the Ethena protocol increased by 50% in one month, reaching a high of $8.44 billion.
🔸 Technical Indicators
Resistance Break: $0.60 level broken and held above; several indicators are targeting the $0.75–$1 range in the medium term.
Momentum & RSI: RSI around ~60–67; Although it may be an overbought signal, it still has upside potential (the MACD is positive, trading above the 7-day SMA).
Volatility: The widening of the Bollinger Bands indicates increased volatility, meaning bullish breakouts or consolidations can be expected in the short term.
📈 Price Scenarios
Expected Range
Short-term: $0.60–$0.70; support/resistance tests may continue within this range.
Medium-term (weeks–months) targets between $0.75–$1.00 emerge based on technical formations.
Long-term: Depending on team growth and stablecoin adoption, scenarios of $1.00+ are possible.
Coil pressure (whale and institutional purchases) currently provides strong support.
However, token unlocks and correction risks may pose potential resistance in the future.
🎯 General Assessment & Strategy Recommendation
Entry Level: Support is strong near $0.60. An entry level can be made at this level.
Profit/loss targets: Stop-loss can be below $0.58; the initial take-profit target is $0.70, with a range of $0.75–$0.78 following.
Continuation monitoring: AAVE adoption, USD growth, TVL growth, and token supply dynamics will be critical.
Risks: Token unlock schedule, macro crypto or regulatory risk, expectations being disappointed.
✨ Summary
Price as of July 31, 2025: ~$0.645–$0.668
Short-term trend: Strong uptrend, supported price above $0.60
Medium- to long-term outlook: $0.75–$1.00 is highly feasible
Key drivers: DeFi integrations, whale buying, stablecoin ecosystem, and strategic buybacks
Closely monitoring ENA's performance and developing a strategy by integrating fundamental developments with technical signals is crucial.
#ethena #FOMCMeeting #EthereumTurns10 #BNBATH