$ENA Open Interest Crosses $1B Is a Bullish Breakout Coming?
ENA jumped over 5% on Thursday, currently trading around $0.63. The short-term structure looks bullish again, and with Open Interest (OI) crossing $1 billion, a breakout could be brewing.
Open Interest Rebounds
After dipping to $916 million last week OI is now back above $1 billion signaling rising confidence and strong speculative demand. Positive funding rates are backing bullish momentum. The $0.70 level could be the next big test, and if that breaks $1.00 might be on the horizon.
💥 Liquidations Favor the Bulls
In the past 24 hours $4.2M in positions were liquidated most of them $3.63M from shorts. This shows that bears are getting squeezed as price pushes up.
🔍 Technical Overview
ENA is trading above its
50 EMA → $0.58
100 EMA → $0.55
200 EMA → $0.48
MACD is showing bullish continuation.
RSI is nearing the overbought zone buying pressure remains strong.
If price stays above the broken trendline and closes the day over $0.60 bulls could aim for a clean break above $0.70 and potentially $1.00.
