Ethena (ENA) fell more than 10% on May 23, nearing a critical demand zone between $0.0760 and $0.0809, before slightly rebounding to around $0.1005 on May 24. Despite this bounce, the weekly chart remains weak with a nearly 6% decline, and selling pressure persists. Trading volume surged by over 46%, indicating strong market participation during the sell-off, with whale-sized orders appearing near recent lows. The token's next direction depends on whether buyers can defend the $0.0809 support; failure to hold could lead to further losses, while a strong defense might signal a short-term recovery.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
