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

Ethena (ENA), which has been rising rapidly after Ethereum approached $ 4,000, is advancing towards the top.$ENA

Ethena's native token ENA attracted attention with a 13 percent increase in the last 24 hours. This increase was a result of increasing expectations for the launch of Ethena's new stablecoin product USDtb on December 16. With increasing demand, ENA aims to revisit its all-time high (ATH) of $ 1.52, which it reached in April.

Ethena attracted attention with a 13 percent increase in the last 24 hours, and with increasing expectations, the launch date of the USDtb stablecoin was also determined as December 16. Ethena Labs announced the launch of the stablecoin on Dec. 13 via social media platform X, sharing a video with a screenshot of USDtb.

Increasing trading volume and strong demand are supporting Ethena’s rise. ENA’s trading volume in the last 24 hours has exceeded $980 million, a 166 percent increase. When a token’s rally is supported by high trading volume, it indicates increased investor interest and market confidence.

On-chain Data Shows Increased Demand

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

My dear friends, do not withhold your free support. I am trying to bring you such news instantly. My only request from you is that if there is anyone who has not followed me yet, I would be happy if they did.Please leave your likes on my articles and posts. Thank you.