$ENA Here’s update on Ethena (ENA) for Tuesday, June 10, 2025:

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📈 Market Snapshot

Price: ~$0.368 (up ~11.8% in past 24 h)

24h Range: Approximately $0.324 – $0.370

Volume: ~$375 M in 24 h

🔍 Key Drivers

Coinbase News: Listed on Coinbase’s asset roadmap on June 4; token went live June 5. Price dipped post-announcement due to lockup and sell pressure, but has since rebounded .

Token Unlocks & Whale Moves: A significant unlock (~40.6 M ENA on June 2) and whale transfer of ~17 M ENA generated early selling pressure. However, on-chain data and technicals point to growing demand and potential bottoming .

Technical Indicators: Bullish divergence (RSI vs price lows), Golden Cross setup, and sentiment shift captured by several analysts; some even eyeing a move toward ~$0.60 .

🛠 Fundamentals & Ecosystem

ENA powers the Ethena protocol, a synthetic-dollar (USDe) platform on Ethereum—and now TON—with attractive APY yields (~37% for USDe) .

Market cap ranges from ~$1.9 B to $2.2 B across platforms, with FDV around $5–5.5 B and ~6.1 B tokens circulating .

🔮 Outlook Summary

Short term (~days–weeks): Continued volatility expected. Key resistance at $0.35–$0.37; a clean breakout could signal a test of ~$0.60.

Medium term (weeks–months): Mixed projections—some models forecast a dip to ~$0.25–$0.27; others look for a bullish reversal to ~$0.60+ favored by institutional listings .

✅ Summary Take

Ethena (ENA) is currently in a rebound phase following Coinbase-related volatility and on-chain events. With robust fundamentals in DeFi/USDe and positive technical signs, ENA has potential upside—but keep an eye on the $0.35–$0.37 resistance zone, token unlock schedules, and overall market sentiment.

Want a deeper dive into its technicals or comparisons with other DeFi tokens? Just say the word!