Ethena（ENA）的價格在doken解鎖中飆升：看漲還是看跌？

Ethena的ENA代幣價格違反了期望，在重大解鎖之前集會。看漲趨勢會繼續下去還是解鎖會引發經濟下滑？深入了解市場情緒和技術分析。

Ethena (ENA) Price Surges Amidst Token Unlock: Bullish or Bearish?

Ethena（ENA）的價格在doken解鎖中飆升：看漲還是看跌？

Ethena's ENA token is making waves! Despite an impending token unlock, the price is rallying, leaving investors wondering what's next. Let's break down the key trends and insights.

Ethena的Ena代幣正在引起海浪！儘管即將來臨的令牌解鎖，但價格仍在集會，使投資者想知道下一步是什麼。讓我們分解關鍵趨勢和見解。

Defying Gravity: ENA's Price Rally

違抗重力：ENA的價格集會

In early August 2025, Ethena (ENA) showed impressive strength. On August 5th, the price jumped 13.17% to $0.622, briefly hitting $0.628. This surge occurred even as 250 million ENA tokens were moved to exchanges, signaling a potential sell-off ahead of the unlock.

2025年8月上旬，埃塞納（Ena）（ENA）表現出了令人印象深刻的力量。 8月5日，價格躍升了13.17％，至0.622美元，短暫達到了0.628美元。即使將2.5億個ENA令牌轉移到交易所，這一激增仍會發生，這表明可能在解鎖之前出現了潛在的拋售。

Trading volume soared 28% to $1.14 billion, indicating renewed investor interest. The cryptocurrency successfully held the $0.51 support level.

交易量飆升28％至11.4億美元，表明投資者的利息更新。加密貨幣成功地持有$ 0.51的支持水平。

Token Unlock: A Looming Event

令牌解鎖：迫在眉睫的事件

On August 6th, Ethena faced a significant supply event: the unlock of 171.85 million tokens, valued at approximately $103 million. This represents about 2.70% of ENA’s total market cap, making it one of the largest unlocks recently.

8月6日，埃塞納（Ethena）面臨著一項重大供應活動：解鎖17185萬個令牌，價值約1.03億美元。這約佔ENA總市值的2.70％，使其成為最近最大的解鎖之一。

Historically, ENA has performed well in the week following unlocks. However, this unlock is larger than previous ones, adding uncertainty.

從歷史上看，ENA在解鎖後的一周內表現出色。但是，這種解鎖比以前的解鎖大，增加了不確定性。

Bullish Sentiment and Technical Indicators

看漲情緒和技術指標

Market sentiment shifted from negative to positive, with buy volume exceeding sell volume. Coins are also moving off exchanges, suggesting holders plan to store them long-term.

市場情緒從負面變為正，買入量超過賣出量。硬幣也正在退出交流，建議持有者計劃長期存儲它們。

Derivatives trading activity increased, with Open Interest jumping 17.47% to $1.14 billion. The Long/Short Ratio reached 1.0008 across all exchanges, and even higher on Binance, indicating traders expect ENA price to rise.

衍生品交易活動增加了，開放利息躍升了17.47％，至11.4億美元。在所有交易所中，長/短比率達到1.0008，甚至均值更高，表明交易者預計ENA價格會上漲。

Technical indicators support this bullish sentiment. The Stochastic RSI rose after a bullish crossover, and the Chaikin Money Flow has stayed positive.

技術指標支持這種看漲情緒。在看漲跨界後，隨機的RSI上升了，Chaikin的貨幣流量一直保持積極。

USDe's Role in Ethena's Ecosystem

USDE在Ethena的生態系統中的作用

The growth of Ethena’s native stablecoin, USDe, is fueling confidence. USDe's supply increased by 75% in July alone, becoming the third-largest stablecoin by market cap. Ethena has also become the sixth-largest DeFi protocol by total value locked (TVL).

埃塞納（Ethena）的本地穩定幣（USDE）的增長正在推動信心。僅7月份，USDE的供應量增加了75％，成為市值的第三大穩定。 Ethena還通過總價值鎖定（TVL）成為第六大的Defi協議。

Analyst Perspectives and Price Targets

分析師的觀點和價格目標

Analysts suggest that if buying momentum continues, ENA could retest $0.68 and potentially reach $0.70. If buying pressure fades, support may be found around $0.55.

分析師建議，如果購買勢頭持續，ENA可能會重新估算0.68美元，並可能達到0.70美元。如果購買壓力逐漸消失，則可能會在0.55美元左右發現支持。

Crypto Seth analysis revealed that ENA price was forming a massive double bottom. The 100-day and 200-day moving averages have just been surpassed by the price, which further supports the bullish bias. Should bulls clear their way above the $0.70 mark, the subsequent resistance bands are between the $0.95 and $1.10 levels.

Crypto Seth的分析表明，ENA價格正在形成大量的雙重底部。價格為100天和200天的移動平均值剛剛超過了價格，這進一步支持看漲的偏見。如果公牛將自己的方式超過$ 0.70，隨後的阻力頻帶在0.95美元至1.10美元之間。

Final Thoughts: Will ENA Keep Climbing?

最終想法：Ena會繼續攀登嗎？

Ethena's ENA token is in an interesting spot. The upcoming token unlock could introduce volatility, but strong market sentiment and the growth of USDe are providing support. Whether ENA can continue its climb remains to be seen, but for now, all eyes are on how it handles this significant event. Good luck out there!

Ethena的Ena令牌是一個有趣的地方。即將到來的令牌解鎖可能會引入波動，但是強烈的市場情緒和USDE的增長正在提供支持。 ENA是否可以繼續攀登還有待觀察，但是就目前而言，所有目光都關注它如何處理這一重要事件。祝你好運！