$ENA

Here's a concise analysis of Ethena (ENA) for today (August 12, 2025):

📈 **Price & Performance**

- **Current Price**: $0.79–$0.80, up **14–18% in 24h** and **30–31% over the past week** .

- **Market Cap**: ~$5.26B, ranking #36 globally .

⚙️ **Technical Signals**

- **Golden Cross**: 50-day EMA crossed above 200-day EMA, signaling strong bullish momentum (historically preceded +80% rallies) .

- **Key Levels**:

- *Resistance*: $0.80–$0.85 (breakout could target $1.00) .

- *Support*: $0.58–$0.60 (critical to hold for uptrend) .

- **Indicators**:

- RSI at 74–76 (overbought but not extreme) .

- Bullish MACD and OBV divergence suggest accumulation .

🐋 **Catalysts & Sentiment**

- **Whale Activity**: Large holders increased positions by 30%+ this week .

- **USDe Growth**: Ethena’s stablecoin (USDe) supply surged to $9.3B, now 3rd-largest stablecoin, boosting protocol utility .

- **Partnership**: Collaboration with Anchorage Digital for compliant USD stablecoin, enhancing regulatory appeal .

🎯 **Near-Term Outlook**

- **Upside**: Break above $0.85 could accelerate toward $1.00 (43% upside) . Analysts flag $1.13–$1.50 as next targets if momentum holds .

- **Risks**: Overbought RSI may trigger short-term pullbacks; monitor $0.60 support. Token unlocks could add sell pressure .

💎 **In Summary**

**Bullish momentum** driven by technicals, whale accumulation, and USDe adoption, but **overbought conditions warrant caution**. A close above $0.85 opens path to $1.00+.