$ENA Ethena (ENA) is a synthetic dollar protocol built on Ethereum, offering a crypto-native solution for money that's not reliant on traditional banking infrastructure. Its synthetic dollar, USDe, is known as the "Internet Bond" and provides a dollar-denominated savings instrument with DeFi benefits.

*Current Price and Market Performance:*

- Current price: $0.7919 (up 5.6% in 24 hours)

- Market capitalization: $5.35 billion (ranked #27)

- 24-hour trading volume: $1.39 billion

- Total Value Locked (TVL): $10.61 billion

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*Recent Developments:*

- Ethena's TVL surpassed $10 billion, driven by increasing adoption of its synthetic stablecoin, USDe.

- ENA token price jumped 150% in a month, with a 40% rise in the previous week.

- A bullish Golden Cross formed on ENA's daily chart, signaling potential upward momentum ¹ ³.

*ENA Token:*

- Circulating supply: 6.6 billion ENA tokens

- Total supply: 15 billion ENA tokens

- Governance token allowing holders to participate in decision-making processes

*Potential Price Movement:*

- Analysts predict ENA could reach $1.50 by August, driven by healthy TVL, whale activity, and technical optimism.

- Key resistance levels: $1.10-$1.30 zone, with potential for a parabolic rally if broken ⁴ ⁵.