Ethena’s ENA Token Surges 44% as DeFi Lender Aave Adds Support for USDe
Main Idea
Ethena's ENA token surged 44% following its integration with Aave, enabling users to deposit USDe and sUSDe for rewards, alongside a partnership with Anchorage Digital for regulatory-compliant stablecoin issuance.
Key Points
1. Ethena (ENA) price surged 44% over the past week and 13% in 24 hours, with trading volume reaching $1.46 billion.
2. Aave now supports deposits of 50% sUSDe and 50% USDe, offering users access to ~12% annualized promotional rewards and Aave's base lending yield.
3. Ethena Labs partnered with Anchorage Digital to issue USDtb under the GENIUS Act, aiming for regulatory-compliant institutional-grade stablecoins.
4. ENA's price is approaching the $0.72 resistance level, with potential upside targets at $0.88 and $1.05 if the breakout holds.
5. Technical indicators like MACD and Bollinger Bands support bullish momentum, with key support at $0.60 and potential retracement to $0.49–$0.50 if support fails.
Description
Ethena price jumped 44% after launching Liquid Leverage on Aave. Anchorage Digital will issue USDtb under US law, boosting Ethena adoption. ENA technicals show bullish continuation, eyeing $1+ if wedge breakout confirms. Ethena (ENA) surged more than 44% over the past week and 13% in the past 24 hours. With trading volume jumping over 60% to $1.46 billion, the token has now broken above a $4.28 billion market cap, trading at $0.6736. According to CoinMarketCap , ENA remains 55% below its all-tim...
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