Ethena's Coinbase custody wallet moved 290 million ENA tokens worth $26.41 million to a personal wallet linked to exchanges, raising concerns of market distribution. However, traders held off on selling, awaiting confirmation, as ENA traded near a key resistance level. Exchange data showed net outflows, indicating more tokens left exchanges than entered, softening bearish fears. ENA's price approached $0.0955 resistance with increased buying interest, while liquidation data suggested potential volatility ahead depending on price movements around key levels.
Audiera (BEAT), a decentralized music streaming platform, surged 5.24% to $2.60, driven by rising interest in blockchain-based music royalty solutions. Other notable gainers include Hedera (HBAR) up 4.86%, Ethena (ENA) and Ondo (ONDO) both up 3.55%, ...
Ethena (ENA) has rallied 13% from a recent low, with increased buying pressure and a flipped support level at $0.085. Despite this short-term uptrend and potential targets at $0.098, $0.118, and $0.123, the overall higher timeframe trend remains bear...
