Ethena (ENA) Surges: TVL and Price Soar Amidst Bullish Signals

• Ethena's Total Value Locked (TVL) experienced a 50% surge in July, reaching $8.44 billion, fueled by significant USD inflows and platform growth.

• The price of ENA has seen a remarkable increase, with a 134% gain in a month, driven by whale activity, increased trading volume, and key developments such as the Upbit listing and the StablecoinX buyback program.

• Technical analysis indicates a bullish trend for ENA, with strong support at $0.60 and resistance between $0.70 and $0.75, although the Relative Strength Index (RSI) suggests the market is nearing overbought conditions.