DeFi · rank #50

Ethena ENA

$0.1746-0.8% 1d+16.7% 7d+93.6% 30d

Amber List Recovering Phoenix · monthly · score 55 mixed

Monthly: forming bar is a green inside bar. Last confirmed swing low 0.0698 (Jun 2026), month 3 of a cycle that has typically run 2.
Weekly: forming bar is a red inside bar. Last confirmed swing low 0.0811 (Aug 2026), week 4 of a cycle that has typically run 5. Cycle-low confidence 29%.
Daily: bar is a red inside bar. Last confirmed swing low 0.1464 (2026-09-02), day 5 of a cycle that has typically run 5. Cycle-low confidence 14%.
Amber List: 80% below the 2025-09-09 high; +150% off the 365-day low.
Phoenix: 92% decline over 9 months, monthly swing low confirmed (late (2 bars)), now +150% above the trough; pullback #3 confirmed 2026-08-23.
Gauges: Mayer multiple 1.73 (neutral); -78% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 55

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health68 / 100 · Sound

Liquidity (24h volume / market cap) can you get out	35.73 %	15.0 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.49 x	11.4 / 15
Size (market-cap rank) survivorship	50 #	9 / 15
Age on Coinbase survived a cycle	1.3 yrs	2.2 / 10
usage	could not look — no source data
tvl	could not look — no source data
momentum	could not look — no source data

4 of 7 measurable; score renormalized over what was measurable.