Today, Ethena (ENA) is priced around $0.56, showing a solid recovery with a daily gain of about 4–5%. This upward movement is driven by strong investor interest as the supply of Ethena’s stablecoin USDe has now crossed $6 billion, indicating growing adoption and utility. ENA also saw increased momentum following its listing on major platforms like Upbit and Coinbase International, which helped boost liquidity and visibility. Over the past week, ENA has surged over 40%, backed by the protocol’s impressive revenue of $290 million, part of which is used for token buybacks—supporting price stability. However, monthly token unlocks of around $60–75 million are expected to continue, posing a long-term dilution risk.
If ENA holds above the key support zone of $0.54, traders can look for buying opportunities near dips and aim for a potential short-term target around $0.60–$0.62. However, if it breaks below support, the price may retrace toward $0.50. So, tomorrow's strategy should be to watch the $0.54 level closely—stay ready to buy if the price stays above it, but avoid entering if it falls below this zone. Long-term holders should continue accumulating gradually but stay alert to token unlock events.
