$ENA
Current price: approximately $0.54, with a slight increase in the last 24 hours.
Daily trading volume: around $1.6–2.1 billion, with Binance platform accounting for over $370 million.
Market capitalization: approximately $3.4 billion (current supply ≈ 6.35 billion ENA out of 15 billion).
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🚀 Recent performance
ENA has risen by about +56% over the past week, and +9–10% in the last day.
It also recorded a weekly jump according to Crypto‑Economy source of about +41.6%, surpassing the USDe threshold of $6 billion.
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📊 Technical indicators
Investing.com: General technical signal "Strong Buy" on daily and weekly time frames, according to indicators like RSI, MACD, and Moving Averages.
TradingView: Gives an overall "Neutral" rating but indicates a "strong buy" on certain time frames.
CCN analysis concluded a "double bottom" pattern for ENA, suggesting the likelihood of a continued upward trend towards new levels.
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🐋 Whale activity and market risks
ENA is experiencing significant movement from major wallets (whales): some are buying on dips, while others are selling as the price rises, indicating volatility and duality in trends.
Ethena's banking strategy relies on arbitrage between the spot market and futures contracts (basis trade), based on a long-term positive funding rate. However, the increasing number of participants may gradually reduce returns, posing a risk to the stability model.
