ENA Open Interest Jumps as Rally Faces Support Test
On positioning, ENA stands out: ENA's open interest jumped 35.25 percent in 24 hours with a one-day return of +21.16 percent. Funding is positive but not aggressive at 11 percent annualized. Despite the move, ENA is described as trending…
ENA's open interest jumped 35.25 percent in 24 hours with a one-day return of +21.16 percent. Funding is positive but not aggressive at 11 percent annualized. Despite the move, ENA is described as trending down longer-term, so this could just be a short squeeze or fast money, not necessarily a new stretch of strength. Watch for rejection if it fails to hold above support at 0.265.
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