#CryptoIntegration Reasons for the recent rise in ENA price
4. Buybacks and supply reduction
StablecoinX has executed ENA buybacks worth $260 million, reducing the circulating supply by about 8%.
In addition, indicators such as open interest have risen, indicating new capital entering the market.
5. Technical strength and positive technical signals
Daily trading volume increased by about 115%, reflecting strong buying activity.
Positive technical signals such as 'targeted breakout' from critical resistance areas have also appeared, according to technical analyses