Ethena Price Surges 40% Weekly as TVL Breaks $10B

Ethena Value has organized a powerful rally of 40.03% this week, and 11.59% within the final 24 hours, buying and selling at $ 0.8406. The Moonish Surge corresponds to Ethena’s TVL that hits a file of $ 10 billion, along with an necessary milestone for his artificial greenback, used. Die lately the third largest stablecoin turned by market capitalization.

Successively, $ 5 million each day ENA refill cut back the circulating provide, creating shortage. As well as, whale addresses with 100 Ok-1M ENA grew in July by 12%, which now checked ~ 30% of the supply. Are you questioning the place the ENA value may go? Include me whereas I’ve the identical decostle on this evaluation.

Chain evaluation

In keeping with August 9, 2025, Ethena’s TVL has reached a file excessive and surpassed $ 10 billion Messari. This marks a big inflow of capital into the protocol, which is a mirrored image of the rising belief of traders and the approval of his Defi merchandise. The TVL Rise is intently saved with the worth restore of ENA from lows, which means that the influx of capital may be the main value motion.

ENA -Value Evaluation

The latest value drop from ENA got here on 10 August, when 13.7% rose from $ 0.64 to $ 0.7277, which broke a bullish flag sample. The rally has since been prolonged to $ 0.8493, the excessive right now, with the worth that presently consolidates round $ 0.84.

Technical indicators level to a powerful momentum, the RSI-14 at 74.76 means that the market is approaching ranges, though not but excessive. That is whereas the shorter RSI-7 at 81.81 signifies a excessive enthusiasm within the quick time period. MacD, alternatively, has confirmed a bullish crossover with the histogram that turns into optimistic on +0.010557.

Talking of value objectives, an important upward objectives are $ 0.8741 on Fibonacci 127.2% and one in $ 1.02. $ 29.8 million in Ena, nevertheless, moved to exchanges on 9-10 August, which may introduce volatility within the quick time period. Alternatively, a close to $ 0.7046 may trigger revenue within the path of decrease helps at $ 0.5638 and $ 0.4764.

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