On September 26, ENA climbed to $0.28, a level not seen since December 2025. A whale purchased 18.34 million ENA worth $5.13 million. This rally followed Ethena’s expansion of its USDe yield reserve to RWA on Binance. The price however retraced to around $0.27, while trading activity dropped 57% on September 27. Technical indicators, including the Stochastic Momentum Index at 80 and the positive DMI index at 43, suggest the bullish trend could continue toward the $0.30 resistance level.
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