Ethena Price Jumps 5% as Kraken Teases USDe Stablecoin Listing

Main notes

• Kraken Exchange has announced the Usde Stablecoin list coming to the United States to 1.7 million followers.
• USDE accounted for 4.5 % of the global Stablecoin market with a maximum market at $ 14.4 billion at the time of the press.
• Technical analysis shows ENA uniformity approximately $ 0.58 with potential resistance at $ 0.68.

Aden

this
$ 0.60



24 hours fluctuation:
1.5 %


The maximum market:
$ 4.15 b



Folder. 24h:
$ 399.82

It is the artificial dollar protocol based on Ethereum Blockchain. The original distinctive code drew attention on Tuesday, September 23, after it was operated in a 5 % rally inside the day despite the prevailing Haboodian feelings through the encryption markets.

The reversal followed five consecutive days of losses, which witnessed a decrease in Ena more than 20 % since the Federal Reserve reduced on September 18, which led to a decrease in demand for assets conducted by the US dollar. At the time of the press, Ena regained $ 0.61, as it increased by 5 %, despite a decrease in 32 % in trading volume during the past 24 hours.

Market reports have a recovery to Kraken Exchange, the StableCoin Stablecoin menu from Ethina, USDE, in the organized markets. The exchange was alerted 1.7 million followers on X to the USDE “Coming Sirok” markets on Tuesday.

Soon on kraken

Use $ by ethena_labs

Get ready https://t.co/9qbax6jm1H pic.twitter.com/lsvg8mogqa

– Kraken (@krakenfx) September 23, 2025

With more focus on institutional support, Yzi Labs Investment (Binance Labs) recently increased its share in Etheina, reflecting the confidence of the pre -enhanced shareholders while alleviating the regulatory position of the United States towards Stablecoins in recent months.

Meanwhile, the USDE market value increased to $ 14.4 billion at the time of the press, with 4.5 % of the 300 billion dollar Stablecoin market, According to CoinmarketCap data. The Kraken menu is expected to speed up the US adoption, which is likely to raise the market share of the USDe in the coming months.

Ena PRICE ProCEAST: Can Robernd $ 0.60 to run for 5 days?

Ethina’s recovery inside the day to $ 0.60 put him on his path to stop a series of five consecutive losers. Keltner ena channels show uniformity near the lower border at $ 0.58, with an initial sale wall to see it at a level of $ 0.68.

After this level, the equivalent SAR puts the following general resistance at $ 0.74, which enhances that the market momentum remains a decline in the short term.

ENA (ENA) Technical Price Analysis Source: TradingView

While MACD also remains in the descending lands, the graphic bars are narrowing, hinting to the possibility of the upholstery if the momentum is built. If the bulls hold for more than $ 0.60, this may be to pay about $ 0.69.

However, failure to defend the risk of $ 0.60 has been renewed towards the subsidy zone of $ 0.55, as the Band Lower Keltner offers the next safety network.

Currently, feelings depend on whether the Kraken List catalyst that attracts continuous purchase pressure or speculative traders choose early profits with a decrease in folder sizes, in line with the decline in the broader encryption market.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Ibrahim Ajibad is an experienced research analyst and has a background in supporting the various startups and financial organizations in Web3. He obtained his university degree in the economy while he is currently studying for a master’s degree in Blockchain and distributing a professor’s notebook techniques at Malta University.

Irahiah ajibade on connection.