Ethena's native token, ENA, has surged by 13% in the last 24 hours as anticipation builds for the launch of the new stablecoin product, USDtb, on December 16. The altcoin is on track to reclaim its previous all-time high of $1.52, last seen in April. With a significant increase in trading volume exceeding $980 million, up by 166%, ENA is currently the top gainer in the market. The positive Chaikin Money Flow (CMF) indicator at 0.14 reflects strong investor interest and market confidence in ENA's future performance. However, the token faces a critical resistance level at $1.20, and a failure to break above it could lead to a potential price decline to $1.01 or even $0.85. This analysis serves as informational content and not financial advice, urging readers to conduct their own research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news