Ethena (ENA) has reached and is trading near its local high of $0.136, signaling a bullish trend after breaking past previous resistance levels at $0.095 and $0.12. This shift marks a change from a previously bearish outlook, with the daily chart confirming an uptrend since April. Despite some volume indicators showing caution, the price structure and momentum suggest continued upward movement, though traders should watch for potential volatility from Bitcoin that could disrupt this trend. Overall, Ethena's bullish momentum appears likely to continue beyond the current resistance level.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
