Ethena ($ENA ) Market Update
Ethena (ENA) is currently trading at $1.057, reflecting a 0.38% decrease from the previous close.
Market Overview:
24-Hour Trading Volume: Approximately $661.38 million, indicating active market participation.
Market Capitalization: Around $3.12 billion.
Recent Developments:
A significant $112,000 long position was liquidated at $1.005, highlighting the market's volatility.
Next Steps:
Support Level: $ENA is approaching the $0.99 support zone. A successful hold above this level could indicate a potential rebound.
Resistance Level: A break above $1.10 may lead to further gains, with the next resistance around $1.20.
Pro Tip: Given the current market volatility, it's crucial to monitor ENA's price action closely and consider risk management strategies when trading.
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