Ethena (ENA): Bullish Momentum Continues Amid Record High TVL
Ethena (ENA) is experiencing a significant surge, trading at approximately $0.8047, marking a 5.15% increase in the past 24 hours. This uptick is attributed to several key developments:
Record High TVL: Ethena's Total Value Locked (TVL) has reached an all-time high, indicating strong growth and adoption of its platform.
Golden Cross Formation: A golden cross pattern has formed on ENA's price chart, signaling potential for continued bullish momentum.
Institutional Interest: Notable investors are showing increased interest in ENA, further validating its market position.
๐ Market Overview:
Current Price: $0.8047
24-Hour Change: +5.15%
Market Cap: $5.33B
24-Hour Volume: $1.47B
Circulating Supply: 6.62B ENA
๐ฎ Price Predictions: Analysts are optimistic about ENA's future performance, with some projecting a potential rise to $1.18 by the end of August, contingent on sustained bullish momentum.
๐ฌ Join the Conversation: Stay informed and engage with the community on Binance Square as we monitor Ethena's journey toward new heights. Share your insights and predictions with fellow traders.
