$ENA $ENA (Ethena) demonstrates a cautious but slightly optimistic attitude today. After a series of recent volatility, the token is starting to stabilize, and traders are awaiting confirmation of a trend reversal. Community interest in Ethena continues to grow thanks to its unique synthetic dollar (USDe) model, which is positioned as an alternative to centralized stablecoins. Although short-term price fluctuations remain uncertain, long-term investors seem to be standing aside, ignoring the current bearish sentiment, and are confident that the protocol will eventually grow and gain recognition. Thus, market movement will largely depend on the momentum of DeFi trends, in addition to Ethereum's performance.