Amid a general decline in the cryptocurrency market, Ethena (ENA) is showing significant growth. Let's look at the current data and prospects for this cryptocurrency.
Growth and Current Price of Ethena
In the last 24 hours, Ethena has increased by 13.22%, reaching a price of $0.51. Trading began at $0.4453, after testing key resistance levels.
Volume and Market Capitalization of ENA
The current market capitalization of Ethena stands at $3.3 billion, with daily trading volume up by 33.99%, reaching $1.11 billion. In the last 24 hours, liquidations totaling $2.56 million have been recorded.
Technical Analysis and Market Prospects
Ethena's MACD indicates a short-term bearish trend, but the Chaikin Money Flow suggests strong buying pressure. The RSI indicator is at 57.01, indicating potential for further upward movement. The four-hour chart shows a negative outlook, suggesting the asset might test support at $0.5056.
However, the outlook for Ethena remains moderately bullish, despite potential short-term fluctuations affecting its dynamics.
