Will Ethena [ENA] crack the $0.60 ceiling next? 3 signs say yes

• Retail and institutional players managed to grow ethena and large transactions.
• Long disposal and outflows signal bull resetting because smart money is accumulated during volatility.

paradise [ENA] Over the past 24 hours it has risen by 17.35%, powered by a trend line and restored the strength in a string across the address of the activity and the distribution of transactions.

At the time of writing, ENA traded for $ 0.4332 and proceeded to resist $ 0.60, a level that ended the profits of weeks.

Although the sellers repeatedly defended it, ENA holds significantly above the middle class. Therefore, if Bulls moves around $ 0.60, the structure could override fully bull with space for higher targets.

Address growth and large transactions point to deeper acceptance

Activity on the chain has increased significantly.

The new addresses increased by 56.43% every week, while active addresses increased by 37.12% during the week. At the same time, transactions increased to a large extent.

The $ 10K – $ 100K transaction increased by 220%, while in the $ 100,000 – $ 1 million balloon 613.64%.

This naturally pointed to growing interest from institutional and extensive retail participants.

Therefore, the trends of addresses and transactions in accordance with the current price force and indicate permanent involvement in the market.

The exchange data showed strong accumulation behavior.

The ENA outflows amounted to $ 24.11 million, while the tide reached only $ 19.87 million. Therefore, more tokens leave the exchange than entering them.

This behavior often suggests that investors provide assets in self -deustum. As a result, the pressure on centralized platforms decreases.

Historically clean drainage during The Assembly supports the continued prices. In fact, this trend strengthens the bull narrative and suggests deeper trust in investors in the long -term trajectory of ENA.

ENA lever effect of relaxation intensifies when Longs smoothes

Derivative data shows a clear long press. Long liquidation was $ 504.44,000, while short liquidation reached only $ 75.45,000.

The Over Ververaged Bulls launched this reset when the prices reached resistance. However, cleaning of excessive long exposure reduces the market risk.

This shift allows a more stable continuation if the buyer returns.

The liquidation event, even if it is sharp, can help ENA restore its climb from a healthier technical base, provided that in the coming days it holds bull momentum.

Short -term activity of traders has increased.

Data Santiment showed an increase in wool metrics in 0D – 1D, now to 0.0915. This uptick signaled increased short -term activity, probably from momentum traders.

Although it adds volatility, also injecting fresh volume and liquidity. Importantly, it confirms that ENA has re -entered the market.

Can enna keep momentum and break over $ 0.60?

Ethena continued to manifest power in the prices structure and the foundation on the chain. Network growth, large transactions and reduced exchange offer support for bull sentiments.

Although long disposal has caused shocks, the lever effect now looks clearer.

If ENA closes above $ 0.60, it can confirm the reversal of the complete trend. Until then, the market remains carefully optimistic.