$ENA Ethena (ENA) Market Summary Today:
• Current Price: $1.0633 (up 1.81% in the last 24h).
• Weekly Performance: Down 0.87%.
• Monthly Performance: Impressive growth of 94.07%.
• 90-Day Performance: Significant increase of 312%.
Price Trend:
• The chart shows a slight recovery after touching the supports at $1.0197.
• The price remains above the short-term EMA (7) ($1.094), indicating slight optimism in the short term.
Volume and Activity:
• Volatility is moderate, with correction movements, but still bullish in the medium-term scenario due to confidence in the project and growing adoption of backed stablecoins.
Fundamental Highlight:
• Ethena’s stability and innovation continue to be key, with strategies such as delta hedging and collateral support from major funds such as BlackRock strengthening the stablecoin market.
Overview:
The Ethena market is consolidating after significant gains in recent months. Confidence in its stablecoin solutions and backing keeps the project attractive, but traders should be wary of resistance above $1.10 and support at $1.02.
