Ethena (ENA) continues to rise: It could make a mark on the bulls.

Ethena’s native token $ENA has attracted attention with a 13 percent increase in the last 24 hours. The rise in question comes in anticipation of the launch of Ethena’s new stablecoin product USDtb on December 16. ENA is preparing to recapture the $1.52 (ATH) recorded in April with increasing demand.

ENA has attracted attention with a 13 percent increase in the last 24 hours. This rise is a result of increasing expectations for the new stablecoin USDtb to be launched by Ethena Labs. On December 13, Ethena Labs shared a video on social media platform X showing the USDtb screen page and indicated the stablecoin’s launch date as December 16.

#Ethena reflects strong demand with increasing daily trading volume. ENA’s trading volume in the last 24 hours has exceeded $980 million, up 166 percent. When a token’s rise is supported by increasing trading volume, it indicates high investor interest and market confidence.

ENA’s positive Chaikin Money Flow (CMF) value confirms high demand for the altcoin. As of writing, the CMF indicator is at 0.14. The CMF indicator measures the accumulation or distribution of an asset over a given period and combines price and volume data. Ethena’s positive CMF value indicates that buying pressure is stronger than selling pressure, which is a bullish signal for the altcoin.

#BTCNewATH #MicroStrategyJoinsNasdaq100