ENA at $0.285: RSI of 82.9 Signals Extreme Overbought as USDe Expands
- —ENA trades at $0.285, 7.51% above its intraday VWAP of $0.2649
- —RSI (14) at 82.9 signals extreme overbought conditions
- —Price sits 164% above its SMA-200 of $0.1074; market cap $2.87 billion
- —Bitcoin's rise to $86,000 triggered $275 million in liquidations across 77,000 traders
Why it matters: USDe fundamentals have strengthened, but the extreme RSI raises the risk of a sharp ENA correction in the near term.
Source: DiarioBitcoin