$ENA Liquidated Short:

$104K at $1.1419

Market Insights:

The current price of Ethena (ENA) is $1.1419, aligning with its liquidation value.

ENA has demonstrated strong momentum recently, with a 9.6% rise in the past week, outperforming broader crypto markets.

Professional Take:

Experts suggest that the short liquidation signals increased bullish sentiment.

Traders betting against $ENA faced losses as the token maintained its steady climb, supported by robust trading volume exceeding $1 billion in 24 hours.

Hints for Traders:

1. Resistance Level:

Watch for challenges near the $1.15–$1.20 zone. A breakout could attract fresh buying.

2. Support Zone:

Strong base near $1.10 ensures stability against short-term corrections.

3. Market Sentiment:

$ENA performance is buoyed by DeFi adoption and a resilient market structure.

Stay vigilant for potential opportunities as the market navigates through these pivotal levels.

#MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #SuiHitsNewATH #USUALSpotLaunch #BTCReclaims101K