Ethena surges 25%, hits a 6-month high: Is $0.68 next for ENA?
Ethena rallied 25.74% hitting a 6-month high of $0.499. Buyers have scooped up over 200 million tokens in the past 48 hours until press time.
Since breaking out of a descending channel two weeks ago, Ethena [ENA] has experienced a sustained upward momentum. Over this period, the altcoin jumped from a local low of $0.25 to a 6-month high of $0.499.
As of this writing, Ethena was trading at $0.4908, marking a 25.74% increase in the past 24 hours. At the same time, its trading volume soared 132% reaching $778.8 million, while market cap jumped 24% to $3.15 billion. Typically, a surge in volume and market cap in tandem signals increased capital inflow and growing on-chain activity.
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