TokenUnlocks

June 13, 2025 – Ethena ($ENA ) is currently facing significant selling pressure, reflecting the broader crypto market's retreat amidst heightened geopolitical tensions and profit-taking after recent highs. As of today, ENA is trading around $0.28 - $0.34 USD, showing a notable decline in the last 24 hours (ranging from -1.24% to -14.60% depending on the exact source and time of update, indicating rapid fluctuations). Over the past month, $ENA has experienced a more substantial drop of 14% to 17%.
What's Driving the Current $ENA Movement?
Major Token Unlocks: A primary factor contributing to ENA's recent price decline, as highlighted in market reports, has been major token unlocks on June 2nd and June 5th. These unlocks significantly increased the circulating supply, naturally exerting downward pressure on the price.Bearish Technical Signals: Price action indicates clear selling pressure. ENA is encountering strong resistance around the $0.38 - $0.3850 zone, with multiple lower highs forming, suggesting a bearish bias in the short term. It's also trading below its EMA 20 & EMA 50 on the 4-hour and daily charts, signaling a short-term downtrend. The RSI is approaching the oversold zone, but a clear bounce confirmation is yet to be seen.Broader Market Downturn: Like many altcoins, ENA is heavily influenced by Bitcoin's performance and the overall market sentiment. The current "risk-off" environment due to geopolitical events and general profit-taking in the crypto space is exacerbating ENA's downward trend.Lack of Strong Buyer Interest: Volume remains relatively weak at current levels, suggesting a lack of strong buyer interest to counter the selling pressure.
Ethena's Core Value & Long-Term Vision:
Despite the short-term headwinds, it's crucial to remember Ethena's innovative approach:
Synthetic Dollar (USDe): Ethena's core product, USDe, is designed as a crypto-native alternative to traditional stablecoins. It maintains its peg by using crypto assets (like ETH and BTC) as collateral, combined with delta-hedged futures positions. This aims to reduce reliance on traditional banking infrastructure."Internet Bond" (sUSDe): Ethena also offers sUSDe, a yield-bearing asset derived from staking and perpetual funding rates, providing a crypto-native yield opportunity.Growing TVL: Ethena's Total Value Locked (TVL) remains significant, often exceeding $6 billion, indicating continued substantial liquidity and user trust in its protocol.Ecosystem Integrations: Recent partnerships, such as bringing USDe and sUSDe into the TON Foundation (Telegram ecosystem), demonstrate Ethena's commitment to expanding its reach and utility.

Key Levels & What to Watch:
Resistance Zones: $0.3550, $0.3600, $0.3750 - $0.3850. ENA needs to reclaim these levels with significant volume to invalidate the short-term bearish bias.Support Zones: Current support is being tested around $0.3416, with critical next levels at $0.3384, $0.3300, and $0.3250. A breakdown below these could push ENA towards its all-time low region.

Trending on Binance Square:

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Conclusion: Ethena ($ENA ) is currently under significant pressure due to recent token unlocks and a bearish market bias. While its innovative synthetic dollar protocol ($USDe) offers a unique value proposition, caution is advised for long positions unless a strong reversal signal, backed by volume confirmation, is established. Traders should monitor key support and resistance levels closely.
#ENA #Ethena #CryptoNews #MarketUpdate #DeFi #Stablecoins #TradingView

In 2025, investors in crypto assets are paying increasing attention to an event that, while expected, can generate significant impacts: token unlocks. Only in the week of April 18 to 24, over 520 million dollars in value were released, with projects like TRUMP, ALT, PLUME, and Scroll as key players.
But what are these unlocks really, why do they move the market so much, and how can you anticipate to minimize risks or seize opportunities? Let's explain it clearly and directly.

334,000 $DOT (~$1.5M) hits the market every single day.

Not from staking. Not from airdrops.

But from team, foundation & early backer unlocks. 👀

Yet influencers keep yelling “BULLISH!” 📢

Just as sell pressure skyrockets.

Sound familiar? Yeah—it should.

📉 The Hard Truth:

No breakout adoption after YEARS of dev work.
Ecosystem growth lagging behind SOL, ETH, even AVAX.
Constant unlocks diluting your bags.

🧠 Ask Yourself:

Are YOU building wealth...

…or just holding the exit door open for early insiders?

🔻 More supply + flat demand = price goes DOWN.

🔻 Early whales are cashing out.

🔻 Retail? Left holding the bag.

💡 Pro Moves:

✅ Track unlocks (hint: @Token_Unlocks).

✅ Question the fundamentals.

✅ Don’t let DOT become your portfolio’s anchor.

📌 DYOR. Don’t be the exit liquidity.

👇 Sound off below — is DOT still worth holding? Or is it time to rotate?