$ENA Ethena (ENA) is a synthetic dollar protocol built on Ethereum, providing a crypto-native solution for money and a globally accessible dollar-denominated savings instrument, known as the "Internet Bond". Here are some key updates on ENA:

*Current Price and Market Status*

- The live ENA price today is $0.3738, with a 24-hour trading volume of $22.1 million, and a market capitalization of $1.5 billion.

- ENA is up 3.37% in the last 24 hours, according to RateX.

- Another source indicates the price is around $0.57, with a 2.08% decline in the last 24 hours, and a market cap of $8.82 billion ¹ ² ³.

*Support and Resistance Levels*

- Key support levels to monitor are $0.44, $0.47, and $0.35, with the latter being the strongest support level.

- The next immediate resistance level is around $0.60, with a potential price target of $0.7630 in the short term and $1.1265 in the mid-term.

*Technical Analysis*

- An Inverse Head & Shoulders accumulation pattern has been formed, indicating potential bullish momentum.

- A breakout above the neckline could signal a significant upward move.

*Recent Developments*

- Ethena Labs has updated ENA tokenomics, requiring recipients of ENA via airdrops to lock a minimum of 50% of their tokens eligible for claim.

- ENA can now be staked directly in Ethena to accumulate future rewards, invested into PT-ENA pools within Pendle Finance, or utilized in diverse restaking pools ⁴.