$ENA # 📊 Ethena (ENA) Analysis: Upward Trend and Record Performance

## 🔥 Key Events in the Last 24 Hours:

- The ENA token has shown an impressive growth of 11%, reaching $0.60

- The supply of the synthetic dollar USDe has reached an all-time high

- The Ethena project strengthens its position on the Ethereum platform

## 📈 Price Movement Analysis:

In the last 24 hours, we have observed a noticeable correction in the price of ENA:

- **Start of the period:** ~0.6084 USDT

- **Current price:** ~0.5710 USDT

- **Decrease:** approximately 6.1% over 24 hours

Interestingly, despite the recent rise to $0.60 (according to the news), the token is currently undergoing a correction phase. The most significant selling pressure was observed between 21:00 and 00:00, when the price fell from 0.6039 to 0.5690 USDT.

## 🧐 What This Means:

Although the recent news of reaching a record supply of USDe was positive for the project, the market seems to be taking profits after an 11% rise. This is typical behavior following a rapid price increase.

## 🔮 What to Watch For:

1. **Support Levels:** The nearest support is around 0.5680 USDT

2. **Trading Volume:** Significantly increased during declines, indicating active selling

3. **Recovery:** Watch for a potential rebound.