#ENAUSDT🚨
🔍 Current Situation
Price & Volatility: ENA is currently trading around $0.62–$0.63 USD, with a 24‑hour gain of approximately **6–8%** .
Market Cap & Circulating Supply: The circulating supply is roughly 6.35 billion ENA, which equals about 42% of its max supply (15 billion). Based on this, market cap estimates range from $3.9 to $4.0 billion .
Historical Performance: ENA peaked at around $1.52 in April 2024—currently it's down roughly 59% from that all-time high—while it's up over 200% from its all‑time low near $0.195 in September 2024 .
Momentum: ENA has risen ~30% over the past week and over 130% in the last month, significantly outperforming broader crypto markets .
TVL Growth: Total Value Locked (TVL) on the Ethena protocol is strong—recent growth in TVL is viewed as a key positive driver behind ENA’s performance .
Market Activity: 24-hour trading volume remains high (~$1.3 billion), showing strong liquidity and interest in the token .
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🔮 What Could Be Next
1. Key Price Zones
Support: $0.58–$0.60, aligning with the 7-day moving average. Holding this range could be crucial for sustained momentum .
Resistance: Breaking above $0.70 would mark a technical breakout and potential confirmation of a new uptrend. Targets beyond could be $0.71–$0.75 if momentum holds .
2. Short-Term Scenarios
Bullish Case: Sustained breakout past $0.70 with volume could catapult ENA toward $0.75+, possibly retesting ATH zones if broader sentiment continues improving.
Bearish Case: A drop below $0.58—with high volume—may signal profit-taking or trend reversal, risking retests of $0.55 or even lower volume zones.
3. Medium-Term Signals
Monitor updates on TVL growth, new ecosystem integrations, or improved yield dynamics via liquid staking and derivative strategies—these fundamental drivers underpin price appreciation potential .
Token unlock flows: A small unlock (~0.63% of supply) is expected around early August 2025—keep an eye on whether unlocked supply enters the market (observed on CoinRank estimates) .
