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Analyst: ENA’s 20% Weekly Surge Is Only the Beginning


Analyst: ENA’s 20% Weekly Surge Is Only the Beginning

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TL;DR

  • ENA gained 20% weekly, testing $0.85 resistance while support remains strong near $0.70.
  • Analysts point to buybacks and Binance’s USDe listing as catalysts for Ethena’s bullish momentum.
  • Targets range from $1.25 to $5.00 if ENA holds above $0.68 and momentum continues.

ENA Shows Strong Weekly Performance

Ethena (ENA) has posted a sharp rise in the past week, gaining over 20%. The token is now priced at $0.84, with a 24-hour trading volume of $1.44 billion. Daily gains stand at 9%.

Read the article at CryptoPotato

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