The price of Ena has rallied by 18%

The price of Ena has rallied by 18% in the past 24 hours.

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The price of Ena has rallied by 18% in the past 24 hours and this is largely due to a proposal by Ethena’s community to use Solana Sol token as an asset to back Ethena stablecoin Usde.

Mister Crypto X post on Ena.png

Mister Crypto is bullish on Ena and claims to have bought a big bag of Ena token.

Crypto Rover X post on Ena.png

Crypto Rover has also bought a lot of Ena tokens in anticipation of more upside.

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Price of Ena on the 4 hour timeframe is bullish with the price above the cloud and the cloud indicators are all bullish.

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Price of Ena on the 1 day timeframe is above the cloud and the other cloud indicators are all bullish.

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Price of Ena on the 1 week timeframe is bearish with the conversion line below the base line and the price is below the cloud.

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The price of Ena on the 1 month timeframe is kind bearish but the lagging span has not crossed the price to the downside yet.