Ethena's ENA token has risen nearly 10% within 24 hours, rebounding from around the $0.10 support level, with a trading price of approximately $0.1036. The total open interest of the token's contracts has increased to about $110.5 million, indicating a resurgence in derivatives positions. During the recent price decline, whale trading activity has also become active again, suggesting market accumulation. However, the resistance level above remains near $0.13, and the continued upward momentum depends on stable spot trading volume and overall market stability.
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Ethena's ENA token has risen nearly 10% within 24 hours, rebounding from around the $0.10 support level, with a trading price of approximately $0.1036. The total open interest of the token's contracts has increased to about $110.5 million, indicating a resurgence in derivatives positions. During the recent price decline, whale trading activity has also become active again, suggesting market accumulation. However, the resistance level above remains near $0.13, and the continued upward momentum depends on stable spot trading volume and overall market stability.