#ENA #Market

🚀 Ethena (ENA) surged by 13% – target $0.68?

ENA reached a local maximum of $0.628, supporting the level of $0.51. At the time of publication, the token was trading at $0.622, showing a growth of 13.17% for the day.

Trading volume increased by 28%, reaching $1.14 billion, signaling a revival of demand.

▪️ Positive Buy-Sell Delta: $4.63 million in favor of buyers.

▪️ Open Interest rose by 17.47%, while derivatives volume increased by 46.24%.

▪️ Long/Short Ratio on Binance exceeds 2, indicating a predominance of long positions.

If the current momentum is sustained, ENA could reach $0.68–$0.70. In case of a decrease in demand, support is at the level of $0.55.