Ethena Rises 6% to Channel Top as Buybacks Stay Off

1 hour ago 5

Rommie Analytics

The move comes four weeks into a correction that has left ENA roughly 30% below its late-September peak, according to Binance’s ENA/USDT daily chart on TradingView. Whether anything beyond the chart is backing the bounce is a separate question, and the answer is less encouraging.

ENA/USDT daily price chart showing Ethena testing the upper edge of a falling channel near $0.207 after reclaiming its 50-day SMA near $0.204, with the 0.382 Fib at $0.209 overhead and RSI just above 50.
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