Ethena (ENA) gained 5.48% in 24 hours with a 93% surge in trading volume, despite overall market risk-off sentiment following the Fed's decision to keep interest rates steady. While Bitcoin faced resistance and a potential drop below $64,000, Ethena showed a short-term bounce of nearly 33% over eight days but remains in a long-term bearish trend. Key resistance levels at $0.094 and $0.099 are challenging for ENA, and a continued Bitcoin sell-off could push Ethena lower. The recent gains appear to be a relief rally rather than a sustained recovery.
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...
