- ENA trades near $0.32 (-15% daily); $230M 24h volume, <$2B market cap amid consolidation phase.
- Key range: $0.31 support vs. $0.40 resistance; break below targets $0.29, above eyes $0.42-$0.45.
ENA trades around $0.32 per token as of today. Volume on major exchanges sits near $230 million over the past 24 hours, while its market capitalization hovers just below $2 billion. On the last day, the price dipped by roughly 15 percent, following a brief run-up to about $0.40 two days ago.
On the weekly chart, ENA swung between roughly $0.31 at its low and $0.40 at its high. Sellers stepped in near $0.38–$0.40, pushing the price back down, while buyers found a floor around $0.31. If that $0.31 level gives way, the next area of interest lies near $0.29, where ENA found support in early May. Conversely, if the token can rally above $0.40 on rising volume, it may test $0.42 or even $0.45.
Looking at momentum indicators, short-term strength is fading. The 14-day RSI hovers near 35, which suggests subdued buying interest without necessarily signaling an oversold bounce just yet. Should the RSI drop below 30, a more pronounced rebound could follow.
On moving averages, ENA remains below its 50-day line, which sits around $0.36. Staying under that average indicates sellers still hold sway, though a climb back above it would show renewed demand.
On-chain metrics tell a similar story: daily transfers and active addresses remain stable but have not grown meaningfully this week. That stability suggests holders haven’t fled the network, but new inflows haven’t yet emerged in force. As a result, any recovery likely depends on fresh capital entering around current levels rather than a sudden surge of speculative trading.
Ethena (ENA) is currently trading at $0.3196, reflecting a sharp 15.8% drop over the last 24 hours and a 19.6% decline over the past 7 days. Despite this downturn, ENA is still up 63.7% from its all-time low, indicating that while recent sentiment is bearish, the token has delivered strong performance since inception.
The current market capitalization is approximately $1.86 billion, with a circulating supply of 5.82 billion ENA out of a total supply of 15 billion. The token reached an all-time high of $1.52, which means it’s now trading around 79% below that level.
Ethena is a DeFi protocol built on Ethereum that introduces a synthetic dollar (USDe) designed to function independently of traditional banking systems. Its Total Value Locked (TVL) is notable at over $5.3 billion, reflecting significant adoption and capital inflow despite the price decline.
