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Crypto

Ethena Price Surges Amid Trend Reversal

Guavy AI Editorial Team
Instruments
ENA
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The price of Ethena's governance token ENA has been steadily increasing over the past few months, currently trading at $0.1927 per unit.

This represents a significant recovery from its twelve-month low of $0.0713 on July 2, 2026, but still remains 71.4% below its high of $0.6729 set on September 20, 2025.

The token's price has also surpassed both its 200-day and 50-day moving averages, indicating a trend reversal.

However, the supply overhang remains a concern, with approximately 67% of the total 15 billion ENA tokens currently in circulation.

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