๐๐ต #ENA Blast-Off: Stablecoin Redefined & Trending Up
$ENA, the governance token of Ethena Protocol, is climbing the trending charts with major visibility and real momentum behind it:
Up ~10% in 24โฏhr, drawing strong attention on CoinGecko & Binance users
Recognized among todayโs top-trending coins, just behind ZORA and Pudgy Penguins
๐น Why $ENA Is Heating Up:
Drives USDe, a synthetic dollar offering real yield through delta-neutral strategies
Backed by staked ETH & perpetuals โ not yield farming hype
Surging TVL and DeFi traction due to yield stability and protocol trust
๐ Price Levels to Watch:
๐ผ Resistance: ~$0.65โ0.68 (watch for breakout signals)
๐ก๏ธ Support: ~$0.60โ0.62 range (ideal for dip buys)
Keep tabs on TVL growth and staking activity for next cues
๐ฌ Your $ENA Play?
๐ข Holding long-term for stable yield gains
๐ด Trading short-term momentum
โช Observing before taking action
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