ENA Token Surges 134% — Key Technical Signals Flash Bullish
$ENA has climbed over 134%, breaking above the $0.60 mark for the first time in months. This rally is fueled by rising user engagement, growing demand for USDe, and excitement around upcoming protocol developments.
Technical Highlights:
Golden Cross Alert: The 50-day MA has crossed above the 200-day MA — a classic bullish indicator.
Resistance Zones Ahead: Price faces resistance between $0.77 and $0.90. A breakout beyond this could open the door to further upside.
Volume Spike: Trading activity has surged, signaling heightened market interest in ENA.
However, caution is warranted. A scheduled unlock of $100 million worth of ENA tokens on August 5 may introduce short-term price swings.
