$ENA /USDT Synthetic Surge

ENA began the session at $0.7912, climbed to an intraday high of $0.8004, and then retraced to $0.7201 as traders locked in gains. Market sentiment remains bullish, bolstered by Ethena’s strong cross-chain traction—its synthetic dollar USDe has reached a staggering $5.7 billion in cross-chain volume, placing it third among synthetic dollars. A prominent spike in 24-hour trading volume, exceeding $1 billion, underscores growing market engagement. RSI is likely in the mid-60s, indicating healthy momentum with room before overbought territory.