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Ethena Price Rally: ENA Poised for $1.52 High?
Ethena (ENA) price rises 6.15%, trading at $0.2755, with 24-hour volume surging 116.96%.
ENA breaks an 84-day diagonal resistance, suggesting a potential short-term bullish reversal.
Analysts predict ENA could test $0.60 and potentially surpass its previous all-time high of $1.52 in 2025.
Ethena (ENA) is currently trading at $0.2755, marking a 6.15% increase over the past 24 hours. The trading volume during the same period surged to $282.8 million, reflecting a substantial 116.96% increase from the previous day. Over the past week, the token has maintained a steady gain of 14.44%, trading around $0.2756, suggesting renewed interest from retail and institutional investors alike.
Market observers note that the rise in trading activity aligns with broader sentiment shifts in the cryptocurrency sector, particularly for coins that have recently experienced extended downward trends. Analysts caution, however, that while the short-term momentum is promising, market volatility remains a key factor for traders monitoring ENA.