ENA ($ENA ) Token Price Growth and Technical Analysis

ENA token is showing significant price growth, up 134% and surpassing $0.60 for the first time in several months. This momentum is driven by increased user activity, increased demand for USDe, and anticipation of upcoming updates.

Key Technical Indicators for ENA

Golden Cross Formation: The 50-day moving average has crossed above the 200-day moving average, signaling bullish momentum.

Resistance Levels: Current resistance is between $0.77 and $0.90, with potential for further gains if these levels are broken.

Trading Volume: The significant increase in trading volume indicates growing market interest in ENA (#ENA ).

Investors should be cautious as the planned release of $100 million of ENA on August 5 could cause short-term volatility.