$ENA 🚀 Ethena Defies Market Dip with 4.2% Rally – Is $0.60 Next?
August 5, 2025 — ENA/USDT is trading at $0.5830 (+4.20% today), outperforming the broader crypto market despite a 7.68% weekly drop. The synthetic dollar protocol’s token shows resilience with $40M+ 24H volume and a $3.82B market cap, fueled by its growing role in decentralized finance (DeFi).
Why ENA Now?
Technical Setup: RSI at neutral (49.6), testing key resistance at $0.6393 (24H high). A breakout could target $0.6573, the next major resistance level.
Ecosystem Growth: USDe stablecoin’s $9.3B market cap (+75% monthly) signals strong adoption.
Whale Alert: $2.64M buy orders on Binance spot markets suggest accumulation.
Trade Plan:
Buy Zone: $0.55–$0.58 (50-day SMA confluence).
Target: $0.60 → $0.6573 (12.7% upside).
Stop-Loss: Below $0.5547 (critical support).
📌 Volatility Alert: Watch for token unlocks (~$2.3M weekly).
Key Stats:
30D Performance: +129.03% | Liquidity Score: Top 5% on CEXs.
Sentiment: Bullish (11/17 indicators signal buy).
DYOR—altcoins are volatile!
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