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Ethena jumps 13% – ENA could hit $0.68 if THIS level holds


Key Disruption

Ehna jumped 13% to $ 0.622, sustained by the volume, a positive delt, and 17% increase of open interest. Ratio Long / Short over 2 indicates the traders are $ 0.68- $ 0.70 next.


Eden [ENA] SURDU 12.9% TO A LAST LOCAL OF $ 0.628 AWARDS ATTEND $ 0.51 Support.

At the picture of the picture, it was commerred to $ 0.622, up 13.17% in the day, supported by a 28% volume to $ 1,14 billets, renamatic sign demand.

Ethna Flip buyers the Delta

After the broder market retrieved, buyers took one step from the market. As the Ethine recorded a week of the delta’s negative purchases.

But, coincid data is not from Volume 46.99 in Buy $ 42.3 million from the volume of selling above the last day the dolt positive from $ 4.63 million. This change suggests the accumulation of renewed location.

Ethena buys the volume of saleEthena buys the volume of sale

Source: Cainification

At the same time, exchange activity reported increased purchase activity.

According to coinglass, Spot Netflow remained negative for eight consecutive days, with – $ 123K more recent registered. This point of the flow of Uflow Supported to the coins that moves the exchanges – often a precursor to keep behavior.

Ethna spot netflowEthna spot netflow

Source: Coinglass

The market of the future heat

The angle of the ambcrypto’s ambcryptors found that these buyers are running in the future market to take strategic positions.

According to the opening interest of coinglass, Ethna’s ethna% of $ 1,14 billion, while derivative the volume has drawn 46:24% $ 3.5 billion.

This Tandem growth both of the capital position and aggressive position.

Ena derivatives of data dataEna derivatives of data data

Source: Coinglass

Meanwhile, the 12 hour / short hour ratio

In binangement, the ratio was more of the most skeweed-1.95 between accounts and 2.09 between trades of trades, by the participants primarily for most of the disappointment.

The time signals of ena are green

Ehna slipped as buyers returned to market to accumulate the altocon. As a result, RSI Stochastic in 18 from 5 after making a Bulish Crossover.

At the same time, alcoholin’s money flow is remained in positive territory from landing 48 hours ago, confirming the presence of the buyers.

When they are willing as this, sign a moment of feeding in feeding from a strong semand.

Ea cmf & stochEa cmf & stoch

Source: Trading Speaks

If this purchase Holdum Holds, ENE could recover $ 0.68 and target $ 0.70. But if you ask fade, support around $ 0.55 can go into play.



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