ENA (Ethena) fluctuates 25.6% in 24 hours: USDe reserve proposal and technological breakthroughs drive rebound
Bitget Pulse2026/04/18 01:19Volatility Brief
In the past 24 hours, the price of ENA rebounded from a low of $0.1087 to a high of $0.1365, currently at $0.1263, with a fluctuation amplitude of 25.6%. Trading volume increased significantly to approximately $236-259 million, about a 50% growth compared to the previous day. Both spot and futures trading were active, showing clear signs of net capital inflows.
Brief Analysis of Abnormal Movements
• USDe Reserve Upgrade Proposal: Kairos Research released a proposal (Part 1/4) suggesting the addition of tokenized gold (PAXG & XAUT) to USDe backing, reducing dependency on crypto perpetual funding, enhancing stability, and directly driving ENA up by 11.3%.
• Technical Breakthrough and Surge in Trading Volume: The price broke through the long-term descending wedge, surpassed the 1.414 and 2.0 Fibonacci extensions, with spot buying accumulation and a 24-hour rise of 11-14%.
• Whale Accumulation: Whale addresses increased holdings, Grayscale included ENA in its candidate asset list, and capital inflows supported the rebound.
Market View and Outlook
Market sentiment has turned positive, and community discussions focus on the potential for the fee switch to become a yield-bearing asset and the growth of USDe. Analysts are optimistic about the technical bottom confirmation (RSI oversold rebound), with a target of $0.12-0.15, while cautioning about resistance above $0.13 and macro volatility risks.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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