Ethena’s TVL Hits $8B! Can ENA Keep the Party Going Above $0.60? 🎉💸

So, guess what? Ethena’s total value locked (TVL) just decided to throw a party and it’s up 50% this month! 🎈 ENA is strutting its stuff with some serious price gains. Who knew crypto could be this exciting? (Spoiler: it’s not just the coffee.)

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ENA’s price is also above its exponential moving averages across multiple timeframes. The 10-day EMA is at $0.573 while the 50-day EMA is at $0.414. So, it’s safe to say we’re in an overall uptrend. It’s like a crypto pep rally! 📣

A breakout above the $0.70–$0.75 range would suggest continued strength and could send the price soaring to $0.80 or higher. But if it drops below $0.60? Well, that could signal a correction, especially if the RSI starts to decline. The first important support level below $0.60 is the 50-day EMA, currently at $0.50. So, let’s hope it doesn’t come to that! 🤞

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2025-07-31 07:44