The native token of Ethena, ENA, has surged 13% in the past 24 hours as the market awaits the launch of Ethena's stablecoin product, USDtb. This surge in demand has positioned ENA to potentially reach its all-time high of $1.52. The increase in trading volume further supports the rally, indicating strong investor interest and market confidence. The positive Chaikin Money Flow indicator also suggests bullish sentiment for ENA. However, if traders start selling to lock in profits, it could create downward pressure on the price, potentially dropping to $1.01 or even $0.85.



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