$ENA – Ethena Price Update 🚨 (Aug 12, 2025)
📊 Price: $0.79–$0.80 (+14–18% 24h, +30% 7d)
🏆 Market Cap: ~$5.26B (#36)
⚙️ Bullish Technicals
Golden Cross (50D > 200D EMA) — historically precedes +80% rallies
Resistance: $0.80–$0.85 → Breakout target $1.00
Support: $0.58–$0.60 (must hold for trend)
RSI: 74–76 (overbought, but not extreme)
MACD & OBV: Bullish divergence = strong accumulation
🐋 Catalysts
Whale buying: +30% holdings this week
USDe supply: $9.3B (now 3rd-largest stablecoin)
New partnership with Anchorage Digital for compliant USD stablecoin
🎯 Outlook
Bull Case: Break $0.85 → $1.00 next, with $1.13–$1.50 possible if momentum holds
Risk: Overbought pullback or token unlock sell pressure
💎 Summary: Momentum is hot — whales loading, fundamentals strong. But watch $0.60 support & RSI for cooling signs.
