Ethena (ENA) price has risen 40% over the past week and 11.59% in the last 24 hours, reaching $0.8406. This surge coincides with Ethena's TVL hitting a record and the success of its synthetic dollar, USDe.
Ethena TVL Analysis
Ethena's total value locked (TVL) reached a record high of $10 billion on August 9, 2025, according to Messari. This indicates significant capital inflow into the protocol, reflecting growing investor confidence and interest in its DeFi products.
ENA Price Analysis
The recent price breakout for ENA occurred on August 10, when the price surged 13.7%, rising from $0.64 to $0.7277. Technical indicators suggest strong momentum, with the RSI-14 at 74.76 indicating nearing overbought levels. Key upside targets are $0.8741 and $1.02 while support levels are at $0.7046, $0.5638, and $0.4764.
Frequently Asked Questions
Answers to questions about the surge in ENA price include: strong TVL growth, USDe’s milestone as the third-largest stablecoin, buybacks, and whale accumulation. Key levels to watch include targets of $0.8741 and $1.02 with support at $0.7046, $0.5638, and $0.4764.
Thus, the rise in Ethena's price alongside its record TVL and USDe success highlights the positive outlook for the project at this time.
