$ENA $ENA's recent market performance has been strong. As of August 5, 2025, the price is $0.5902, with a 24-hour trading volume of $857 million and a market capitalization of approximately $3.76 billion, ranking 38th. Despite a 10% drop in the past week, there has been a monthly increase of 138%, indicating a strong rebound momentum. Technical analysis shows that ENA is supported around $0.55, with a 14-day RSI of 58.12, indicating a neutral range, and it may continue to fluctuate in the short term. The daily chart is forming a potential double bottom pattern; if it breaks through the resistance at $0.65, it may further test $0.85. On the fundamental side, Ethena's USDe synthetic dollar protocol is experiencing rapid growth, with a supply of $9.5 billion, attracting market attention. However, the unlocking of 17.1 million tokens and whale sell-offs may create pressure. Investors need to be cautious of market volatility and pay attention to the support at $0.55 and the resistance at $0.65, making decisions based on DeFi market trends and on-chain data.