$ENA "ENA Coin Drops 10% Amid Market Correction After Listing Hype – Volatility Remains High as Traders Await Coinbase Confirmation"

Here’s the latest on ENA (Ethena) for today, June 13, 2025:

📉 Price Overview

Current price: ~$0.295 USD

24‑hour change: Approx. –10–11%, dropping from highs around $0.33–$0.34

7‑day range: Between ~$0.28–$0.34

Market cap: Around $1.78–1.80 billion

24‑hour volume: Very high, around $350–420 million

📰 Today's News & Context

Significant drop (~10%): ENA saw a sharp decline of roughly 10% over the past 24 hours, triggering alarm among traders .

Speculation of a pull‑back: Recent hype around potential Coinbase listing drove a prior rally (~8–9%), which has now retracted .

📈 What’s Ahead

Analysts on platforms like FXEmpire mention ENA is in "Golden‑Cross Tease" territory, possibly setting up for a rebound toward $0.60 if a Coinbase listing materializes .

However, technical ratings on TradingView suggest “neutral to sell” signals, indicating mixed short‑term sentiment .

✅ Summary for Traders

Metric Today’s Status

Price ~$0.295, down ~10%

Volume High (~$350–420M)

Technical sentiment Mixed—some see opportunity, others advise caution

Bottom line: ENA tumbled ~10% today amid a retracement following earlier listing optimism. High trading volume shows significant activity. Future moves may hinge on whether the Coinbase listing is confirmed. Until that clarity arrives, expect volatility and mixed sentiment.