๐ข ENA Short-Term Surge Exceeds 6%, Market Cap Hits $48.33B!
๐ฅ ENA +11.27% (24h)
๐๏ธ Date: Sept 6, 2025
Market Snapshot:
๐น Price surged +6% intraday on strong momentum
๐ฆ Market cap soared to $48.33 Billion
๐ฐ Likely fueled by Ethena Foundationโs $3.1B Buyback Plan announcement
๐ Impact on ENA:
๐ Strong short-term bullish momentum
๐ Market reacting positively to institutional-scale buyback news
๐ Traders eyeing key resistance at 0.6970 for breakout confirmation
โก What This Means for Traders:
๐ Monitor price stability above recent highs
๐ฏ Short-term targets could expand if buyback demand sustains
๐ Watch for retracement if volume weakens
๐ก Takeaway:
Institutional backing + aggressive buyback program has put ENA in the spotlight. Market cap growth and price surge highlight increasing investor confidence.
