Can Ethina keep the Uptrend translation as TVL tops $ 8 billion? star-news.press/wp
The closed total value of the closed Ethina increased by impressive in the past month, with the spread of great gains in Ena.
summary
- TVL of Ethena increased by 50 % in July, reaching 8.44 billion dollars, with strong flows in US dollars.
- The price of Ena increased by 134 % in a month, backed by whales and major developments.
- Technical indicators show an upward up, with support at $ 0.60 and resistant at 0.70 – 0.75 dollars.
According to Dolama DataTVL (Ena) TVL amounted to $ 8.44 billion at the end of July. Compared to 5.46 billion dollars at the beginning of the month, this represents a significant increase, indicating that the platform grows and gaining traction.
The platform fee increased along with the increase in TVL, as it rose from $ 19.96 million in June to $ 36.05 million in July. The US dollar flows saw more important, as it jumped from $ 47 million in June to $ 2.96 billion in July, reflecting a strong flow of capital on the platform.
Pisces activity and high standards
The whales were especially active, according to July 31 mail On X by analyst Ali Martinez. Over the past week, 79.25 million ENA icons were collected. In line with this rise in the activity of the whale, the size of the EA increased significantly, from 6 billion dollars in June to 27 billion dollars in July.
The sharing of whales shows this strong confidence in Ethaina’s horizons. The price of Ena increased by 6 % in the last day, 31 % last week, and 134 % incredible last month,
Ethina July updates stimulate growth
Ethina momentum can be attributed to many major developments. On July 11, Ena was listed on Upbit, the largest exchange of cryptocurrencies in South Korea, which greatly increased its exposure and liquidity.
Then, on July 21, Stablecoinx collected $ 360 million to purchase the distinctive ENA, with $ 260 million for re -purchase. The value of the distinctive symbol is expected to increase as a result of the trauma of the demand caused by this repurchase program.
In addition, on July 24, Ethena and Anchorage Digital partnership to make USDTB, the artificial dollar, one of the first Stablecoins to comply with the American genius law. This is an important organizational teacher that may increase the market adoption.
Technical analysis of Ethina
From a technical perspective, Ena shows a strong upward trend, currently being traded near $ 0.62 after testing resistance levels. The price moves in the direction of the upper range, indicating that there is still a bullish momentum.
With the 68.92 relative power index, the market is neutral but is about to purchase conditions. A possible slowdown in the assembly may occur if the RSI reaches 70 or higher.
The price of ENA is also higher than the averages of enlarged mobility across multiple time frames. EMA for 10 days is $ 0.573 while EMA for 50 days at 0.414 dollars, indicating that the price is in the upward direction in general. This supports upward expectations.
The collapse above 0.70 to $ 0.75 would indicate an ongoing power and can pay the price to $ 0.80 or higher. However, a decrease less than $ 0.60 can indicate a correction, especially if it is accompanied by a RSI decline. The first important support level is less than $ 0.60 is EMA for 50 days, which is currently $ 0.50.
https://crypto.news/app/uploads/2024/12/crypto-news-Ethena-Labs-USDe-option07.webp
2025-07-31 04:34:00
