$ENA $ENA, the governance token of Ethena, a synthetic dollar protocol on Ethereum, has shown strong market performance recently. Trading at ~$0.57 with a $3.6B market cap, ENA surged over 80% in July 2025, driven by USDe stablecoin’s $9.5B supply growth. Despite a -3.3% dip in the last 24 hours, technical analysis suggests a bullish fractal pattern, with potential for a 90%+ rally if it breaks the $0.70 resistance. Supported by major exchanges like Binance and backed by Dragonfly Capital, ENA’s DeFi integration and high staking yields make it a promising altcoin.