Ethena (ENA) Surges 25% After New Pendle Finance Integration Goes Live
Main Idea
Ethena's ENA token surged 25% following the integration of its USDe stablecoin with Pendle Finance, with analysts predicting further gains.
Key Points
1. ENA's price surged over 25% in 72 hours after USDe stablecoin integration with Pendle Finance.
2. An analyst identified a bullish flag pattern, suggesting a potential price target of $1.50 for ENA.
3. Pendle's PENDLE token also surged nearly 40% alongside ENA's rally.
4. Ethena's integration with HyperEVM boosted demand for ENA, supported by ecosystem developments.
5. The short-term target for ENA is $1.50, with potential for further upside movement.
Description
The price of Ethena’s ENA token has surged over 25% in the last 72 hours The rally was sparked by the integration of its USDe stablecoin with Pendle Finance An analyst has spotted a “bull flag” on the chart, with a potential price target of $1.50 ENA, the native token of the synthetic dollar protocol Ethena, has surged over 25% after its stablecoin, USDe, was integrated with Pendle Finance’s yield-boosting looping mechanism. The move appears to have strong backing from large holders, or “whales,...
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