Rally Rally Ethena Price faces a $ 25 million test ena Ena star-news.press/wp

Ethena Price returned to $ 0.67 with an increase in volume and an increase in activity on the chain, but it can decide to open a number of $ 25 million whether the recovery is possible or crash.

ETHENA (ENA) is trading of about $ 0.6782 after a fixed climb during the past week. The distinctive symbol increases by 7.5 % over the past 24 hours, its performance is extended for seven days to 8 % and recorded 36 % profit over the past month.

The daily trading volume of trading reached 566 million dollars during the past 24 hours, an increase of 54 % over the previous day. The derivatives also chose a pace, with Coinglass Data Show the size of $ 1.99 billion, an increase of 33 %. Open interest, on the other hand, increased by 11 % to $ 1.39 billion.

High interest and open size indicates that traders open new sites, which may lead to greater fluctuations when feelings change.

Increase Ethaina measures on the series

Activity on the chain also shows strength. Ethaina has achieved $ 67.9 million in the fees over the past seven days, and put it behind 149 million dollars, according to Dolama Data.

The total secured value of almost two months, crossing $ 12 billion in late August compared to $ 5.4 billion in early July. These numbers highlight the increasing demand for the protocol, even with traders who weigh short -term risks.

Ethena token unlock adds uncertainty

However, supply dynamics can be held ups. On September 2, about 40.6 million icons will be opened with a value of $ 25.4 million Data. This represents 0.64 % of the circulating offer.

To date, only 42 % of the ENA is traded as a maximum of 15 billion icons. Although it is not enormous compared to the daily size, the distinctive symbol often opens the pressure pressure, especially after a strong gathering, with the acquisition of the first liquidity holders.

Nowadays, the value of the market ENA is $ 4.48 billion and a fully reduced evaluation of $ 10.17 billion. This evaluation gap indicates that investors are still looking forward, but also means that in the case of risk appetite, cancellation may test the demand test.

Technical analysis of Ethaina prices

The daily Ena chart shows cautious optimism. The trend remains higher as long as the Ena remains above the important average movement of 10 days to 200 days. MACD displays a soft sale signal, and the relative strength index at 53, which is a neutral value.

Other momentum indicators, such as Williams % R and Stochastic, indicate a frequency instead of condemnation. Currently, the support is building about $ 0.65. If Ena exits from a scope of 0.70 – 0.72 dollars, it may approach $ 0.75. Prices may decrease to $ 0.61 if less than $ 0.65 decrease.

With the approaching of the September 2, the market will learn soon if the Ena’s recovery has maintained itself or if the profit is reduced.