Ethena Price Skyrockets as Open Interest Soars Above Half a Billion

The price of Ethena (ENA) has been on an impressive upward trend in recent weeks, rebounding strongly from its local lows around $0.083.

This surge in value has seen ENA climb to approximately $0.13, with buying pressure continuing to build as the token extends its recovery.

After spending several weeks consolidating below the $0.09 region, Ethena has now broken through decisively higher, putting the next major resistance level at around $0.14 firmly in sight.

The open interest (OI) for ENA has also seen a significant increase, climbing above $550 million as traders and investors take notice of the token's upward momentum.