🚀 Ethena (ENA) – Market Watch | Aug 5, 2025
$ENA is currently trading around $0.59, down slightly on the day but still showing +130% growth this month. After a strong breakout, the price is consolidating near key resistance.
🔹 USDe supply has surged to $9.3B, making it the #3 stablecoin
🔹 On-chain activity remains high
🔹 Technical support: $0.48–$0.49
🔹 Next target if breakout holds: $0.72+
⚠️ Reminder: ~171M ENA just unlocked today (1.15% of supply) — some volatility expected.
📈 Trend: Bullish bias remains, but short-term pullbacks are healthy.
DYOR No Financial advice!
