Ethena (ENA) has seen a 2.74% surge in the past 24 hours, trading at $0.972. It peaked at $1.01 before retracing, with a market cap of $2.85 billion and a trading volume of $445.4 million. The total value locked (TVL) for Ethena is $5.95 billion, indicating a healthy market cap-to-TVL ratio. The fully diluted valuation (FDV) is $14.57 billion, reflecting its potential if all tokens were in circulation. Technically, Ethena faces resistance at $1.03 and has support at $0.94, with a neutral momentum RSI and a recent bearish crossover of moving averages. However, with strong fundamentals and technical signals, it could break resistance levels soon. Traders should be cautious of dips below support levels.



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