Binance’s $24M ENA Recovery Effort – Can Ethena Extend Its 16% Rally?

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Binance repurchased 128.63 million ENA tokens worth $24 million as part of an effort to recover funds stolen in the hack. After falling to $0.16, ENA rebounded to around $0.193, a 16% gain from the low, and moved above the $0.19 resistance level. More than $91 million worth of ENA left exchanges over 24 hours, while spot trading volume declined by 55%. A move above $0.21 would confirm a bullish reversal, while a failure to hold the rebound could send ENA back toward $0.18.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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