$ENA Market Flash 🚨

Ethena (ENA) is trading around $0.079-0.08, up over 12% in the past 7 days after bouncing off its all-time low of $0.07024 set on June 30. The rebound is being fueled by strong ecosystem momentum: Ethena represented over 70% of the asset allocation from Robinhood user deposits following the Robinhood Earn feature launch, and BlackRock's tokenized fund BUIDL continues serving as a key reserve asset via institutional partnerships. USDe supply sits near $4.7B with sUSDe yields around 11%.
⚠️ Headwind to watch: ENA carries a heavy structural overhang — roughly 400-500M tokens unlock monthly through April 2028, and circulating supply has grown 6.5x since launch. The long-term trend remains bearish until the token reclaims key resistance with sustained volume.
📊 Position Suggestion: LONG (short-term swing, tight risk management)
Entry: $0.078 - $0.082
Stop Loss: $0.071 (below ATL support)
Take Profit 1: $0.095
Take Profit 2: $0.105 - $0.125 (key resistance zone)
Risk/Reward: ~1:2.5
This is a bounce/recovery play, not a trend reversal call — supply dilution remains the dominant long-term risk, so size position accordingly.
Not financial advice — DYOR and manage risk accordingly.
‍#ENA #Ethena #USDe