Ethena Crypto Shows Bullish Momentum as Charts Flash Reversal Signs
The native token of the fast-growing Ethena protocol, $ENA, is again in the spotlight. As the broader crypto market cools off, Ethena has quietly experienced rising trading volume, technical setups hinting at a trend reversal, and price movements defending key support levels.
But there’s also a looming risk that has traders on edge, as a token unlock is scheduled for Tuesday, April 2.
Ethena Price Gains 3.34% in 24 Hours, Bounces from Key Support
According to CoinMarketCap data, Ethena crypto is trading at $0.3643, up 3.34% in the past day. It has a market cap of $1.92 billion and a healthy 24-hour volume of $164.4 million.
The token’s total value locked (TVL) stands at $5.28 billion on…
