🔥 📈 ENA Update – July 6, 2025
Is $ENA sleeping before the storm? 👀
Ethena's price is hovering around $0.26, but here’s what most traders are missing:
🔸 $5.3B+ TVL — stronger than many DeFi blue-chips
🔸 Backing USDe, the fastest-growing synthetic stablecoin
🔸 Big unlock just dropped (~$10M), yet price held steady
🔸 RSI tightening = possible breakout brewing 📊
🔸 Converge chain launch could be a game-changer for utility 🔗
But beware:
📉 Token unlocks continue monthly till 2028
🧩 Yields from USDe are falling (from 60% to <5%)
⚖️ Reliant on futures basis trades = market-sensitive
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🎯 My Take:
Accumulation zone is holding. If $ENA breaks $0.275 with volume, we could see fireworks. Long-term potential is tied to how well Ethena expands beyond USDe.
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