Ethena (ENA): ATL Bounce or Deeper Dive? Buzzing on Binance Square Amid Unlocks
ENA is heating up Binance Square today, trading at $0.104 with $856M market cap and $73M volume—down 6% in 24h but eyeing reversal after ATL $0.104 on Feb 22, 2026.
Weekly -11%, yearly -80%, yet TVL holds $6.96B despite 55% peak drop.
As governance token for USDe synthetic stablecoin, ENA powers DAO votes on Ethena's delta-hedged protocol.
Total supply 15B (8.2B circulating); unlocks loom—March 2 adds 0.53% dilution. Fee switch pending could enable revenue shares, boosting utility.
Technicals: Bullish channel breakout potential; RSI 31 signals oversold. Support $0.10, resistance $0.11-$0.12. Recent Sui expansion (Feb 12) and EEA join fuel optimism.
2026 Outlook: Avg $0.07-$0.18, max $1.50 if fees activate; bears eye $0.04 on dumps. Long-term: $0.26 by 2030 amid DeFi growth.
Not advice—DYOR. ENA's resilience shines in bear phase, but unlocks risk volatility. Whale moves (e.g., Hayes) and volume spikes suggest rebound setup.
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