ENA Rebounds as Derivatives Activity Increases

ENA’s weekly gain stands at 7.72%, despite a 3.30% daily decline as derivatives trading remains active across major exchanges. Binance leads ENA futures volume, open interest, and trade counts, while Hyperliquid, Bybit, and OKX also report notable activity. ENA faces resistance at $0.22 and $0.38 before the projected 0.50–0.80 range and potential retest of its $1.52 peak. ENA is attempting to recover from a prolonged decline, while derivatives activity has increased since late August. Buyers will need to defend gains and clear nearby resistance if it is to move again.