ENA token surge ahead of stablecoin launch: Ethena’s native token, ENA, has surged by 13% leading up to the USDtb stablecoin unveiling. As a result, the trading volume for ENA has soared to 980 million USD, representing a 166% increase, showcasing significant investor confidence.

Positive market metrics signal growth: The Chaikin Money FLOW (CMF) for ENA is currently positive at 0.14, indicating robust buying pressure. If ENA maintains a price above 1.20 USD, it may continue its upward trajectory and potentially reclaim its previous HIGH of 1.52 USD.