Danger for Ethena (ENA): Massive unlocking is imminent.

Ethena (ENA), a decentralized finance (DeFi) project on the Ethereum blockchain, will unlock $165 million on October 2.

Ethena, which was included in BlackRock's BUIDL fund last week, continues its ecosystem development efforts. The project team announced that it will create a stablecoin backed by a real-world assets (RWA) fund. After the announcement, the ENA price increased by 30 percent.

ENA, which has achieved significant growth, has entered the consolidation zone in recent days. Analyses commenting that it is "in the accumulation phase for the next price movement" drew attention to the unlocking.

Ethena (ENA), the team behind the USDe stablecoin, has increased by 80 percent in the last two weeks. ENA, which has reached a market value of $726 million, may experience volatility due to the unlocking effect.

ENA, one of the altcoins with the highest emission rate, is unlocked at regular intervals. Of the total supply of 15 billion ENA, 1.9 billion are in circulation. According to the unlocking calendar, the inflation rate may tighten in the future.

If the $ 0.37 support is lost, the major support point at $ 0.35 may be tested. ENA may face buying pressure in the region in question. It is predicted that the ENA price may rise to $ 0.40 if buyers prevail.

Potential resistance points may be $ 0.4150 and $ 0.44. On the other hand, $ 0.35 and $ 0.29 may work as support points in possible declines.

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