Ethena’s ENA token surged nearly 10% over the past day after finding support above the $0.10 level. Data from Coinalyze shows the asset’s Aggregated Open Interest climbed to around $110.5 million, signaling renewed derivatives activity as the price recovered from recent lows. Whale activity also resurfaced during this period, with CryptoQuant data showing spikes in larger spot orders during recent price dips. The token’s ability to hold the $0.10 support zone now appears crucial for near-term price structure.
Ethena’s ENA token gained nearly 10% over 24 hours as buyers stepped in near key support. Daily data showed ENA traded around $0.1036 on March 1 after bouncing from sub-$0.10 lows.
Ethena’s Aggregated Open Interest rose to approximately $110.5 million, according to Coinalyze data. Rising Open Interest during a rebound typically indicated fresh capital entering positions.
CryptoQuant’s Spot Average Order Size data showed periodic spikes in larger orders. Big whale orders appeared during recent price dips.
TradingView data showed ENA repeatedly defending the $0.10 zone. The level marked three recent reaction lows.
Overhead liquidity appeared concentrated near the $0.13 region. That area aligned with prior breakdown levels.
ENA’s rebound coincided with steady Open Interest and visible whale participation. That combination suggested positioning rather than panic covering.
Continuation depended on sustained Spot Volume and broader market stability. For now, ENA held above key support.
