My beautiful people! Attention, attention! 📢 Today we're going to gossip about Ethena (ENA), that crypto that has traders torn. It's like that friend you like, but sometimes scares you: on the one hand, you see that it has a bright future in the DeFi (Decentralized Finance) world, but on the other, there are dark clouds blocking the sun! 🌦️

Picture the scene: Ethena had its big debut on Coinbase on June 5th, and then joined the TON blockchain, the one powered by Telegram and with over a billion users. That's like winning the lottery, dude! 🎉 Everyone started dreaming that Ethena was going to the moon, skyrocketing.

But, oh boy, it's not all joy and celebration. It turns out that this June, people are dumping a ton of ENA tokens—over $52 million in unlocks! 💸 And as if that weren't enough, the market's "sharks," those big-money investors, are also selling their ENA—almost $1 million in mass sales on May 25th alone! 🦈 This, of course, puts pressure on the price, which has already dropped 34% in the last 30 days. Now that hurts the wallet! 💔

Now, the funny thing is that while the big players are selling, the locals, the retail buyers, are buying like crazy! It's as if they're saying, "We see an opportunity here, my people!" In May, they absorbed $1.59 million in ENA that the big players had released. That's faith in the project! 🙏

And Ethena isn't sitting still. It's been joining forces with heavyweights like Aave and Pendle, offering juicy returns of up to 9-11% APY (that's the annual return, to put it mildly). They even offered 18% on 16-week staking! Now that's putting your money to work! 💰 Because of this, sentiment is mixed: on the one hand, hope for good returns and integration with large platforms, but on the other, fear of unlocks and sales from the big players. CoinMarketCap's "Fear and Greed Index" has already dropped from "Greed" to "Neutral," so people are cautious. 😬

But wait, there's another serious issue that has us all on edge! Regulation. It turns out that in the United States, they're working on a stablecoin bill that could affect models like Ethena's USDe, which generates yields. It's as if the government were saying, "Hold on right there, buddy, let's see what you're doing with that money!" 👮‍♀️ However, Ethena isn't giving up and is seeking partnerships with companies like BlackRock and Securitize, so that its products comply with all the rules and no one tells them stories. That's playing it cool! 💡

As for the numbers, ENA is hovering around $0.30, and there's significant support there—a floor that hasn't let it fall any further. But on the way up, it faces strong resistance between $0.36 and $0.378, where there's a lot of ENA that people bought at a higher price and are now losing. The strength indicator, the RSI, is neutral, but the MACD, another indicator, is indicating that momentum is weak. It's like a boxer standing there, holding his own, but without much punch. 🥊

So, the big question is: Will local demand and Ethena's strategic partnerships with giants like BlackRock and Securitize offset the flood of tokens being unlocked and the potential for regulatory crackdown? The Ethena soap opera is still on, folks! Let's get our act together, because the outcome promises to be exciting! 🍿$ENA