$ENA Ethena (ENA) is approaching an important event: on August 5, the unlocking of tokens worth $100 million is scheduled. This unlocking will bring 2.7% of the total supply to the market, which could significantly impact the price. The tension is heightened by the fact that in the last two weeks, 250 million ENA tokens worth approximately $154 million have already been transferred to exchanges, indicating potential selling pressure.

With the current price at $0.6121, which has increased by more than 10% in the last 24 hours, all attention is focused on whether this bullish momentum will be maintained or if a correction is near.

Currently, the price of ENA shares is fluctuating within a narrow range, showing a combination of consolidation and an upward trend. Strong support levels have formed at $0.552 and in the range of $0.580-$0.585, which have quickly recovered and indicate high buyer interest.

As for resistance, the $0.620 mark remains an insurmountable barrier. The token has pulled back from this level multiple times. The next resistance band is located between $0.625 and $0.630, where price spikes have ceased.