ENA Price Skyrockets as Bulls Target $0.23 Level

Ethena's ENA token has shown significant buying interest as its price continues to recover. After a 22.35% gain in the last 24 hours, ENA is trading at $0.1155 with a market capitalization of $1.13 billion and a 24-hour trading volume of $334.16 million.

According to ZAYK Charts' analysis, Ethena has extended its recent recovery, delivering over 30% gains and signaling renewed buying interest. The token's latest price action suggests buyers are strengthening their position as market sentiment improves.

The analysts at ZAYK Charts suggest that a significant break above resistance could help the recovery of ENA and push its price towards $0.23. To confirm this breakout, there should be a large volume of trading along with buyers' pressure.