$ENA — Key Levels to Watch 👀
On-chain data shows that a developer wallet has recently transferred around 170M ENA (roughly $14.1M) through FalconX, adding a significant amount of supply to the market.
The key zone to watch is $0.163–$0.170, where the newly added supply could create some selling pressure.
At the same time, ENA has already seen a major drop from its recent peak, while whales are still leaning Long at around 67%. Top traders are also holding several short positions, with average entries around $0.112 and $0.128.
For now, it may be better to wait and see how price reacts around $0.163–$0.170. If the market absorbs the additional supply and whales don’t continue selling, ENA could regain momentum and push higher.
Stay patient and watch the reaction at the key zone before making a move.
On-chain data shows that a developer wallet has recently transferred around 170M ENA (roughly $14.1M) through FalconX, adding a significant amount of supply to the market.
The key zone to watch is $0.163–$0.170, where the newly added supply could create some selling pressure.
At the same time, ENA has already seen a major drop from its recent peak, while whales are still leaning Long at around 67%. Top traders are also holding several short positions, with average entries around $0.112 and $0.128.
For now, it may be better to wait and see how price reacts around $0.163–$0.170. If the market absorbs the additional supply and whales don’t continue selling, ENA could regain momentum and push higher.
Stay patient and watch the reaction at the key zone before making a move.