$ENA The Ethena Protocol project, which underpins the currency, is one of the most prominent projects aiming to provide innovative solutions in the field of synthetic stablecoins. ENA operates within a system that relies on an "artificial income" strategy aimed at providing an unconventional stablecoin known as USDe, which does not depend on traditional reserves as is the case with USDT or USDC.

The ENA/USDT pair has seen notable fluctuations in recent weeks, affected by several factors, most notably general market volatility and investor trends towards currencies linked to DeFi infrastructure. Nevertheless, ENA continues to maintain its momentum thanks to institutional support and an engaging community.

Technically, the pair is trading within a strong support range, and attempts to break through short-term resistances are observed. Continued positive momentum may push the price towards higher targets, especially if the technical infrastructure continues to grow and expand. #BinanceHODLerTOWNS

Traders are advised to monitor news related to Ethena updates, in addition to Bitcoin's movement as a general market indicator.