The price of Ethena (ENA) is on a roll. It rises by 3% in a day and 12% in the week. It seems like it wants to break upward.



ENA futures are on fire. Open interest spikes by 8% in seven days. $1.52 billion. Not bad.

Watch out for Friday. Tokens will be unlocked. 180 million, to be exact. 2.8% of the circulating supply. The big players in the project take 95 million. The rest is for the investors.

ENA flirts with a breakout on the 4-hour chart. If it surpasses $0.7250, it could shoot up to $0.7850. It hasn't been seen since the beginning of the month.

The RSI is at 65. Bullish, but with room. The MACD also looks good. Positive histogram and growing. Good outlook.

But be careful. If it doesn't break and falls below $0.6350, it could go down to $0.5500. It's not all said and done.

It's an interesting time for ENA. We'll see what happens.
ENA-4.5%
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