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ENA Rebounds as Derivatives Activity Increases

ENA, facing key resistance levels, has seen increased derivatives activity since late August. Buyers need to defend recent gains and clear nearby resistance at $0.22 and $0.38 for further recovery. The token is trading at $0.1962 with a 3.30% 24-hour drop, showing a 7.72% seven-day gain despite daily losses. The $0.22 level is an important threshold for a potential breakout from the multi-year downtrend, which began near $1.52.

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