Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and Pump.fun (PUMP) with a 95% gain, both showing bullish momentum. However, some tokens like World Liberty Financial (WLFI) and HTX DAO (HTX) experienced declines, signaling mixed short-term sentiment. The overall risk-on environment suggests potential continued gains for leading tokens, but investors should watch key resistance levels and RSI indicators for signs of corrections.
Ethena's governance token ENA has surged 170% from its July low to $0.1927 but is still 71% below its 12-month high of $0.6729. The token trades well above its 50- and 200-day moving averages, indicating a positive trend, though the price is extended...
Arthur Hayes purchased 25.33 million ENA tokens for $5.53 million at an average price of $0.09, now holding an unrealized profit of 146%. He predicts ENA could reach $0.50, though this is a personal target, not an official forecast. Ethena has approv...
