Ethena’s ENA token surged 71.14% between September 14 and 20, climbing from $0.135 to $0.231, before hitting resistance at the $0.22 supply zone. The USDe stablecoin market cap grew by $35.8 million in 24 hours, while an additional $90 million in ENA was staked since September 16, bringing the total to nearly $1.26 billion locked for yield. Key liquidity levels are located at $0.232 to the north and between $0.171 and $0.188 to the south, the latter zone having been flipped to support. A pullback to $0.17-$0.188 would represent a potential buying opportunity.
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