Ethena ($ENA ) is the governance token of Ethena Labs, a protocol offering yield-bearing synthetic dollars through its USDe stablecoin ENA recently surged 13 percent to a high of 0.628 dollars despite a looming 103 million dollar token unlock Trading volume rose 28 percent to 1.14 billion dollars and open interest jumped 17 percent indicating strong market participation Technical indicators like Stochastic RSI and Chaikin Money Flow show bullish momentum ENA is trading above key moving averages and holding support around 0.51 dollars Analysts expect a potential rally toward 0.70 dollars if current momentum continues with resistance near 0.628 dollars