ENA surged 11.35% to $0.09702, rebounding from below $0.09 to approach the key $0.10 resistance. While technical indicators like the MACD and Parabolic SAR show early bullish shifts, the broader trend remains unconfirmed. Continued outflows from exchanges have reduced selling pressure, and a positive funding rate suggests a growth in long positions, though strong demand has not yet fully returned.
The price of ENA increased by 11.35% to $0.09702, rebounding sharply from recent lows and signaling early recovery strength. This move reflected renewed buyer interest following a prolonged decline phase.
The rally developed within a broader weak structure that still lacks strong continuation signals. It has started to rebuild short-term strength but has not fully shifted the larger trend.
ENA rebounded cleanly from below $0.09 and moved toward the $0.10 psychological resistance, which has historically been a supply zone. As price approached this region, upward progress began to slow, indicating hesitation among buyers.
The MACD line crossed above the signal line and its histogram turned positive, signaling improving directional strength. In addition, the Parabolic SAR flipped below price, confirming a transition toward short-term bullish control.
Spot flow data continued to reflect persistent outflows, with net flows recorded at -$384.87k. This consistent negative trend reduced the available supply for immediate selling, which helped ease sell-side pressure.
Inflow activity remained limited, which suggested that strong demand had not yet fully returned. The structure pointed toward a supply-driven move, where reduced selling supported price rather than aggressive accumulation.
Ethena’s funding rate shifted into positive territory, reaching approximately 0.0095%. This change indicated that long traders had started paying to maintain positions, reflecting a growing bullish bias in derivatives markets.
The shift aligned with the recent price increase, which suggested that leverage had begun to support the upward move. However, the funding rate remained moderate, showing that positioning had not yet become overcrowded.
