$ENA $ENA

Ethena (ENA) is back in the spotlight. In recent days, the token has shown resilience, holding above the $0.60 level. There are stable trading volumes on Binance, confirming interest from retail and institutional traders.

Recently, the Ethena team introduced updates to the synthetic dollar (USDe) mechanism, increasing trust in the protocol. This has been a growth driver and a possible signal for a recovery of the upward trend.

In August, analysts expect movement in the range of $0.58–$0.75. A breakout above $0.70 could open the way to $0.80. However, with a decrease in overall market activity, a pullback to $0.55 is possible.

Recommendation: watch for liquidity and whale activity on Binance. In the short term, ENA looks interesting for trades in a sideways channel with a possible breakout upward.