🚨 $1B Open Interest in ENA! Is a Breakout Incoming? 💥📈
#Ethena #ENA #CryptoNews
⚡ Ethena (ENA) surged over 5% on Thursday, now trading at $0.63, fueled by rising sentiment and speculative demand. Futures Open Interest just crossed $1 billion, signaling strong market confidence.
📊 Key Bullish Signals: 🔹 Open Interest rebounded from $916M to $1B
🔹 Positive funding rate indicates long dominance
🔹 $4.2M in liquidations in 24h - $3.63M from shorts
🔹 Price holding above EMA50 ($0.58), EMA100 ($0.55), EMA200 ($0.48)
📈 The MACD remains bullish, and RSI is near overbought, showing consistent buying pressure.
💡 If bulls keep momentum, ENA could soon break the $0.70 level and target $1.00 in the next rally. But failure to close above $0.60 might delay the breakout.
Are you watching $ENA? This could be the move traders were waiting for!
#ENA #Ethena #Altcoins #Bullish #CryptoBreakout #OpenInterest $ENA 🚀🔥📊