Bitcoin Rally and Upbit Listing Make ENA Token Sharp Up 25%
ENA token shoot up 25% after e list for Upbit make am breakthrough pass di upper trendline for di descending triangle. Trading volume jump pass 300%, di net spot inflows reach $3.46 million, di highest in two months. Futures open interest rise 8% to $425 million and funding rate turn positive for 0.0062%, show say strong bullish momentum dey. For charts, ENA token dey trade above im 20-day EMA at $0.28 and dey eye resistance at $0.37 and $0.41. Key support for $0.32 go very important to keep di rally dey go $0.46 target range.
Bullish
Upbit listing and Bitcoin rally dey push strong spot inflows plus rising futures open interest, wey show say traders demand for ENA token short term strong. The 25% price increase and breakout pass 20-day EMA mean say e get bullish breakout pattern wey fit go up until $0.46. Consistent positive funding rates show say leveraged long positions still dey attractive. For long term, holding key support at $0.32 go important to maintain momentum. Overall, these factors support bullish outlook for ENA token.