A golden cross has been formed on the Ethena Daily Chart and the last time this appeared, Ena came more than 80%.
Summary
- Ethena (ENA) rose by 16% to $ 0.85 to 11 August, which extended the 30 -day profit to almost 150%.
- Usde, synthetic stablecoin from Ethena, has surpassed $ 10 billion in delivery.
- The Ethereum’s outbreak above $ 4K has strengthened the confidence in the Usde reserves supported by ETH.
According to data from crypto.news, Ethena (ENA) collected 16% to an intraday height of $ 0.85 on Monday 11 August. For this price, the weekly profit is more than 35%, while the profit in the last 30 days was nearly 150%.
Market capitalization has risen to $ 5.4 billion, while the daily trade volume has fallen slightly because more than $ 1.4 trillion on Ena Hands exchanged between traders.
Why did Ena gather today?
The ENA meeting today can be in the first place due to an improved investor sentiment, because Usde, the synthetic stablecoin, surpassed $ 10 billion In circulating range, marking an important milestone for the project. In particular, this milestone was reached with only 500 days since the Stablecoin was launched, making Usde one of the fastest growing stablecoins in the crypto industry.
In addition to strong growth in his Stablecoin, the Rally of Ena also has the power of investor euphoria (ETH) that break beyond $ 4K, a psychological resistance level that it has been struggling to surpass since December last year.
In the past 7 days, Ethereum has made more than 20%, which performed considerably better than Bitcoin, which had risen less than 7% in the same period.
Strong Ethereum rallies often predict well for popular projects based on Ethereum. Since Ethena’s colland reserves and hedge strategies are strongly based on ETH, the strong performance of Ethereum in the past week has noticeably strengthened the appreciation of the reserve of the protocol, which in turn strengthens confidence in the stability of Usde. As such, Ena often moves together with Ethereum.
Another bull shop seems to be the demand for ENA on Korean markets. Some members of the community have noted that Korean investors have increased their exposure to Ethena in recent weeks, as emphasized by X user ponyo.
Koreans are loading up $ENA rn 👀
For context, CRCL was the most traded foreign stock in Korea, with ~$443m in net buys from local investors in June alone.
Korean retail demand for stablecoin plays is already proven. pic.twitter.com/eSE7mtdAXP
— Ponyo (@13300RPM) August 11, 2025
ENA -Price Analysis
Ena broke out of a decreasing parallel channel at the beginning of July when investors’ question raised. Since then it has risen more than 200% to $ 0.81 from the moment of press.
On the daily graph, the 50-day simple advancing average above the 200-day simple advancing average is crossed and formed a ‘golden cross’. This pattern often indicates at the start of a strong upward trend. The last time ENA formed a Golden Cross at the end of November, won more than 87% to reach his December peak of $ 1.33.
The current price structure also resembles that period, which suggests a possible repetition of the earlier rally.
If ENA de Rally of November in percentage terms, the projected goal would be around $ 1.14.
Momentum indicators also be higher at the time of the press. The MACD line was moved above the signal line, a crossover that is often seen as confirmation of the upward momentum, suggesting that buyers are in control. The RSI is also in Overbought Territorium after the sharp win of ENA.
Although this condition sometimes precedes withdrawal in the short term, strong rallies supported by robust basic principles can maintain lectures for a longer period of time. Nevertheless, small corrections can occur before Ena’s next leg up.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
