Ethena Rises 6% to Channel Top as Buybacks Stay Off
Photo: Coindoo
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. What changed on Sunday? ENA’s summer rally took it from a base near $0.07 to a peak near $0.295, more than quadrupling the token. The correction that followed stayed inside an orderly falling channel and bottomed near $0.18, at the 0.5 Fibonacci retracement of that move.
Source: Coindoo
