$ENA

📊 ENA Market Snapshot

Price: ~$0.59 USD, down ~3–5% over the past 24 hours, though up ~140% month‑on‑month.

Market Cap & Volume: Circulating supply ~6.6B ENA, market cap around $3.9B, with 24h trading volume between $850M–$1.1B.

🚀 Recent Activity & Catalysts

ENA rallied ~13–14%, hitting ~$0.62 amid rising volume, futures open interest, and renewed sentiment ahead of a $103M token unlock on August 6.

Whales accumulating: $14M moved off exchanges—indicating longer-term holding intent.

🔍 Technical Outlook

ENA is basing between $0.58–$0.60 support, with resistance near $0.62–0.63.

Successful breakout could propel price toward $0.68–$0.70; failure may retest support around $0.56–$0.57.

✅ Bottom Line

Ethena remains fundamentally strong, buoyed by USDe stablecoin growth and broader adoption. Large token unlock and strong on-chain accumulation add momentum—though shareholders should watch for potential short-term volatility.

➡️ DYOR .

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