$ENA up ~10–33% this week after the news of being listed on Upbit, Coinbase, and whales accumulating over $4.4 million, opening up the opportunity to become a base stablecoin on par with USDe with sustainable yield.

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1. Today's update

Current price: ~$0.43 (+10–11% in 24h, +33% last week)

24h range: $0.38–0.44

24h Volume: $400M–$1.17B

Market Cap: ~$2.7B – $2.75B

FDV: ~$6.48B

Circulating Supply: ~6.35B from max 15B (~42%)

Market sentiment: Bullish, fear & greed ~74 (greed); buy ratio ~81%

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2. News & Price Momentum

🔹 Short-term catalysts

Listing on Upbit (up +21.6%), Coinbase support, trading volume increased significantly

“Mystery whale” accumulated $4.41M ENA from Binance/Bybit, creating HODL pressure

🔸 Long-term narratives

Delta-neutral risk control protocol, issuing USDe – stable synthetic dollar independent of traditional treasury

High initial yield (>60% APR), now stabilizing around ~5%, still many long-term questions remain

ENA is the governance token that affects the protocol: staking, USDe, treasury, and multi-chain structure like Arbitrum, BNB Chain

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3. Technical analysis & Scenarios

Chart: Price recovering from $0.38 to $0.43, currently testing medium-term resistance $0.44–0.45

Indicators:

MA near balance → current trend neutral-slightly bullish

RSI/momentum quite high; warning of slight correction

Support & Resistance:

Support: $0.40 – $0.42

Resistance: $0.44–$0.45 (recent ATH zone)

Further breakout could target $0.50+

✅ Bull case

Hold >$0.42, confirm breakout >$0.45 + volume ≥ $400M → potential to reach $0.50 (~+15%)

❌ Bear case

Breaking below $0.40 → retest the $0.36–$0.38 zone before determining the trend

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4. Proposed investment strategy

Short-term trader

Buy: $0.42–0.43 retest support zone

Trigger: Breakout >$0.45 with volume >$500M

Target: $0.50

Stop-loss: < $0.40

Medium – long-term holder

Accumulate: $0.38–0.42

Long-term narrative: On-chain stablecoin, USDe yield, governance, liquidity listing & protocol growth

Take profit: $0.50–0.60 (can be sold gradually)

Risks: Collapse of yield rate, demand reversal, general market volatility

> ⚠️ Not investment advice. DYOR & manage your funds wisely.