Crypto
Ethena Breaks Above $0.18 Resistance Zone Amid Structural Changes
Ethena (ENA) has broken above its $0.18 resistance zone for the first time since April, marking a significant milestone in its price action.
The token's surge is tied to actual structural changes in how it works, rather than just market-wide risk appetite.
The Ethena Foundation bought out locked tokens from major seed investors who sold ENA over the past nine months, removing their ability to sell more into the market and ending future VC unlock overhang.