Ethena Token Price Fluctuations Amid Market Dynamics
- Market Price Dynamics: Ethena (ENA) is currently trading at approximately $0.09831, with a 24-hour trading volume of $225.14 million and a market cap of $838.98 million, indicating active trading interest in the token.
- Circulation and Holder Statistics: There are currently 8.22 billion ENA tokens in circulation out of a total supply of 15 billion, with around 87,890 on-chain holders, reflecting the token's broad acceptance in the decentralized finance (DeFi) sector.
- Derivatives Market Performance: Ethena's derivatives market is robust, with a 24-hour futures trading volume of $832.15 million and a market capitalization of $1.93 billion, highlighting the impact of high leverage trading on short-term price fluctuations.
- Whale Dynamics and Unlock Schedule: A whale withdrawal of $4 million in ENA from Binance on March 24, 2026, may reduce the immediately sellable supply in the market, while the monthly token unlock schedule extending until April 2027 adds ongoing supply pressure to the market.
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Technical Analysis for ENA
Technical Sentiment Analysis for Ethena (ENA). As of , Ethena (ENA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ENA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ENA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethena (ENA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0585 | 0.0689 | 0.0808 | 0.0912 | 0.103 | 0.114 | 0.125 |
| Fibonacci | 0.0689 | 0.0774 | 0.0827 | 0.0912 | 0.0997 | 0.105 | 0.114 |
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