Here’s Why PIEVERSE And Ethena Prices Are Pumping Right Now

PIEVERSE and Ethena are having a strong day, even by crypto standards. The PIEVERSE price jumped 30.93% over the past day to $1.59, and the ENA price is up 16.56% to around $0.189. Both are crushing the broader market, but the reasons behind each move are a little different. For PIEVERSE, the move appears tied to a wave of money flowing into altcoins. Ethena, meanwhile, is benefiting from growth inside its own ecosystem as adoption of USDe continues to expand. Read Also: Urgent Silver Price Prediction: Analyst Bets on a Big Rally by Christmas The PIEVERSE Price Is Benefiting From the Altcoin Rally One of the biggest themes right now is money rotating out of Bitcoin and into altcoins. The CoinMarketCap Altcoin Season Index climbed 6.67% in the past day to 48, showing more activity across alternative coins. NEAR, ARB, and INJ all posted double-digit gains during the same stretch. So PIEVERSE isn’t moving alone, it’s part of a broader altcoin push. Trading activity supports the move. PIEVERSE’s 24-hour volume climbed 390% to $122.5 million, showing that the rally is being backed by fresh capital entering the market. Source: TradingView We had a look at the PIEVERSE chart, and the technical setup still favors the bulls. PIEVERSE is trading around $1.5981 after breaking above an ascending trendline that had been supporting it since August. The RSI is at 66.12, bullish, but not overbought yet. The next levels traders are watching are $1.80 and $2.00. On the downside, support sits around $1.40, then $1.20 if profit-taking kicks in. As long as the PIEVERSE price remains above the $1.50 area, buyers will likely keep their focus on higher resistance levels. The ENA Price Is Getting Support From Ethena’s Growth The story behind the ENA price is more closely tied to what is happening inside the Ethena ecosystem. One of the biggest developments is the expansion of USDe and staking USDe onto the TRON network through cross-chain infrastructure. That gives more users access to Ethena’s synthetic dollar products and expands the protocol’s reach beyond its existing ecosystem. The numbers have been improving as well. Ethena’s total value locked has grown to approximately $5.21 billion, marking a 3.92% increase over the past seven days. More capital locked in the protocol typically points to stronger usage and greater demand for its products. There has also been growing interest around updates involving Ethena Pay and the broader USDe ecosystem. Since USDe is at the center of the protocol, any increase in adoption tends to draw attention back to the ENA price. Source: TradingView Both tokens are approaching important levels. We had a look at the ENA chart, and the ENA price is closing in on a major test.