While the daily spot trading volume breaks through 74.0 million USD, the $ENA price has dipped to around 0.207 USD. The drop over the past 24 hours has widened to more than 8%, and its rank has advanced accordingly to No. 5 on the spot abnormality watchlist.
Compared with the usual low-volume, grinding down move seen during weak consolidations, the order book during the pullback shows extremely dense back-and-forth trading and turnover. Over the past 24 hours, the spot matched trades have surpassed 390,000 orders, with trading volume exceeding 74.8 million USD. Both the long and short sides have been engaging in high-density contesting of orders above the 0.20 USD level.
However, after the decline crosses the 8% threshold, the resilience of demand in the key support zone still faces a real test. The core observation point after the volume-driven divergence is whether the current trading activity with a market participation of several tens of millions of dollars can form an effective stabilization around the 0.20 USD level, and prevent further choppiness caused by the momentum of the dip.
#ENA #Crypto
Compared with the usual low-volume, grinding down move seen during weak consolidations, the order book during the pullback shows extremely dense back-and-forth trading and turnover. Over the past 24 hours, the spot matched trades have surpassed 390,000 orders, with trading volume exceeding 74.8 million USD. Both the long and short sides have been engaging in high-density contesting of orders above the 0.20 USD level.
However, after the decline crosses the 8% threshold, the resilience of demand in the key support zone still faces a real test. The core observation point after the volume-driven divergence is whether the current trading activity with a market participation of several tens of millions of dollars can form an effective stabilization around the 0.20 USD level, and prevent further choppiness caused by the momentum of the dip.
#ENA #Crypto