$ENA /USDT Trading Report
Ethena (ENA), a DeFi-focused token, is currently trading at 0.6334 USDT (≈ Rs179.46) on Binance, reflecting a 1.31% decrease in the last 24 hours. The pair has fluctuated within a 24-hour range of 0.6239 – 0.6626 USDT, highlighting moderate intraday volatility. With a 24-hour trading volume of 147.16M ENA (≈ 95.24M USDT), liquidity remains sufficient for traders to enter and exit positions efficiently. The candlestick chart indicates some short-term selling pressure, suggesting cautious market sentiment among traders.
From a technical perspective, 0.6626 USDT acts as immediate resistance, while 0.624 USDT provides key support for potential entries. As a DeFi token, ENA’s price is influenced by market adoption, liquidity trends, and decentralized finance developments. Despite the minor dip, the token’s clear trading range and strong volume make ENA/USDT suitable for both short-term trading strategies and medium-term accumulation opportunities.