Here is today’s price and analysis of the cryptocurrency ENA (Ethena):

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📰 Current market situation

ENA is valued at around 0.59 USD, indicating a decrease of –4% over the last 24 hours.

According to CoinGecko, the price has decreased by –2.9%, settling in the range of 0.578–0.637 USD.

News from August 5 reports a solid rebound of +13%, the price reached 0.622 USD, and trading volume increased by 28% before a major token unlocking scheduled for August 6.

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📊 Predictions for 'today'

Short-term scenarios

According to TradersUnion: a predicted drop within 24h of –5.38%, indicating a price of ~0.5605 USD.

CoinLore's forecast predicts a price range of 0.5371–0.5861 USD and a projected value of $0.5936 today.

Technical analysis (TradingView)

The short-term signal is neutral, with a mix of MACD and RSI indicators.

However, moving averages suggest a buying trend, and weekly and monthly indicators are buy / strong buy.

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🔍 Key support and resistance levels

Support: 0.50–0.55 USD – if the price holds there, further growth is possible.

Resistance: 0.674–0.70 USD – breaking this level may provide an impulse to rise towards 0.74 USD.

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🔮 What are the scenarios?

Scenario Description

Warning (bearish) Drop to ~0.56 USD or below if selling pressure increases

Consolidation Staying in the range of ~0.58–0.62 USD amid market indecision

**Bullish momentum** Maintaining above 0.55 USD may provide an impulse above 0.65 USD

Forecasting portals predict an average drop to around 0.5788 USD within a week (–2.3%).

However, long-term forecasts (2025–2026) predict a value of 0.9–1.3 USD or more – although opinions vary.

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⚠️ Risk factors and potential

Fundamentals of the Ethena project (USDe):

It becomes the third largest issuer of stablecoin (USDe) with a value above 9.3 billion USD, positively impacting sentiment.

However, the arbitrage mechanism (basis trade) carries risks with changes in market fundamentals or negative funding rates — they may disrupt the stability of USDe, and consequently ENA.

Token unlock:

The planned unlocking of tokens worth ~103 million USD on August 6 may increase selling pressure and affect the price if demand does not keep up.

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✅ Summary: ENA forecast for today (August 5, 2025)

Price: currently around 0.59 USD, from a recent rise to 0.622 USD, but also a drop in recent hours; average forecasts indicate a range of 0.56–0.60 USD.

Technically: short-term indicators are neutral, moving averages maintain a buy signal, and positive work sentiment indicates growth potential.

Support: 0.50–0.55 USD – holding this zone may direct the price towards 0.65–0.70 USD.

Resistance: at ~0.67 USD – breaking this level may attract more capital and push the price towards new highs.

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📌 What’s next?

You can note:

Set alerts at levels 0.55 USD (support) and 0.70 USD (possible surge).

Watch for changes in trading volume and OI on futures contracts.

Consider your own scenarios – does the price have the potential for continued growth, or is the market leaning towards a correction?