🚀 Ethena ($ENA ) Price Soars 150% in Just 30 Days! 🚀

TVL Hits $10B, Golden Cross Fuels Bullish Sentiment! 💥

📈 Ethena (ENA) has been on an incredible rise, seeing a 150% price increase over the last month and a 40% jump in just the past week!

🌟 This surge comes as its Total Value Locked (TVL) surpasses $10 billion for the first time, driven by strong adoption of its synthetic dollar (USDe), now the 3rd largest stablecoin globally.

🔹 Whale Activity: Large holders of 100k–1M ENA increased by 12% in July, now controlling 30% of circulating tokens. Daily $5M ENA buybacks are tightening the supply!

🔮 Golden Cross Signals Bullish Momentum! 💹

Golden Cross: The 50-day EMA has crossed above the 200-day EMA, a classic bullish signal.

RSI: Strong momentum, sitting near 74, with no overbought conditions.

MACD: Bullish crossover confirmed!

🔥 On August 10, ENA surged 14.7% from $0.64 to $0.81, breaking a bullish flag pattern. As of now, ENA sits near $0.85.

🔑 Resistance Levels:

Immediate resistance: $0.8741, $1.00 (psychological level).

A break above $1 could push prices to $1.25, potentially $1.50.

💡 However, $29.8M ENA moved to exchanges recently, which might trigger some short-term volatility. Key supports lie at $0.70, $0.56, and $0.47.

📊 Ecosystem Growth + Whale Activity Boost Outlook:

USDe stablecoin now spans 23 blockchains, processing $743M in cross-chain volume last week.

Futures volume surged 41.84% to $4.35B, signaling sustained interest.

Whale accumulation continues, with large holders increasing stakes by 30% in the past week.

🔄 Fee switch activation soon, rewarding ENA holders, further boosting its value!

💥 With continued bullish momentum, Ethena’s expanding ecosystem and rising institutional interest make it one of the top DeFi tokens to watch!

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