ENA (Ethena) 24-hour amplitude rebounds sharply by 20.5%: protocol gold standard proposal resonates with bank support
Bitget Pulse2026/04/17 19:18Volatility Summary
In the past 24 hours, ENA price rebounded from a low of $0.1087 to a high of $0.1310, currently quoted at $0.1309, with a fluctuation amplitude of 20.5%. The 24-hour trading volume is approximately $180–$200 million, showing significant growth; protocol TVL is stable around $6.6 billion, with 24-hour fee revenue at $4.86 million, up 12% from before.
Analysis of Abnormal Movement Reasons
- Protocol upgrade proposal: Kairos Research proposed including tokenized gold (PAXG & XAUT) into USDe stablecoin collateral, promoting reserve diversification and boosting market optimism.
- Traditional banking support: Singapore’s DBS Bank announced that future services will support Ethena’s USDe stablecoin, increasing expectations for institutional adoption.
- Whale and technical drivers: Arthur Hayes deposited ENA and other assets to Bybit; price broke through the $0.12 mark with high trading volume, triggering a short squeeze.
Market View and Outlook
The mainstream market sentiment is bullish, with analysts targeting $0.12–$0.15. The community is focused on the demand zone support at $0.108–$0.110 and liquidation squeeze opportunities; however, RSI has reached an overbought level of 79, implying potential short-term consolidation risks. It is necessary to monitor USDe supply growth and overall market trends.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for information reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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