Ethena (ENA) Short Squeeze Potential Analysis
Saturday, 18 May 2024, 13:24
Short squeeze potential for Ethena (ENA)
Ethena (ENA) has attracted attention in the derivatives market with its high short interest and negative funding rates, indicating a possible short squeeze on the horizon.
Key Data Highlights:
- Massive negative funding rate detected for ENA
- ENA's open interest ranks 25th among cryptocurrencies
- Largest OI/MCap ratio in the market
Price Target Prediction:
- Likely short-squeeze liquidity pool between $0.83 - $0.89
- Secondary target at $1.08
If realized, investors could see gains ranging from 7.7% to 38% from current levels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.