Ethena's governance token ENA surged 71.14% from $0.135 to $0.231 in early September, driven by strong demand for its synthetic stablecoin USDe and significant staking activity totaling nearly $1.26 billion. Despite Bitcoin's breakout, ENA stalled around $0.215 due to heavy sell pressure at the $0.22-$0.26 supply zone, where many holders seek to break even or take profits. Analysts expect a short-term pullback to the $0.17-$0.19 support range before the next upward move, highlighting cautious optimism in the DeFi protocol's outlook.
ENA (Ethena) trades at Rp3.787 on Pluang, down 2.20% as of Sep 22, 2026 14:12 WIB. Market cap stands at Rp38.35 trillion with a 24-hour volume of Rp13.53 trillion. Sell orders dominate at 64%, reflecting cautious sentiment despite recent price gains noted in the article.
Ethena's governance token ENA has surged 170% from its July low to $0.1927 but is still 71% below its 12-month high of $0.6729. The token trades well above its 50- and 200-day moving averages, indicating a positive trend, though the price is extended...
Arthur Hayes purchased 25.33 million ENA tokens for $5.53 million at an average price of $0.09, now holding an unrealized profit of 146%. He predicts ENA could reach $0.50, though this is a personal target, not an official forecast. Ethena has approv...
