Top trader Eugene: ENA trend is healthy, about to break through $0.5

On October 16, top trader Eugene stated on his social media platform that ENA has risen from $0.28 to $0.42, with the spot buying orders remaining stable and large in volume, indicating that strong buyers are continuously entering the market. From a momentum perspective, this looks healthy as it hasn't deviated from the 1-hour trend line since October 10.

"I believe ENA is about to break through $0.5."

In previous news, Eugene Ng Ah Sio published a long article stating that "Ethena is the fastest growing DeFi product in history. It expanded its stablecoin yield scale to $3 billion within a few months. I would be surprised if ENA cannot become one of the top 20 tokens by market value."