The market isn’t that simple. The rebound is real, and the volume is definitely showing something. In the past 24 hours, trading volume exceeded $2 billion, and the price jumped directly from 0.146 to 0.167—an increase of nearly 8.6%. That’s pretty aggressive in the spot market. On-chain data also backs it up: large-holder addresses have shown recent activity, with several big wallets taking positions around 0.15. Community sentiment has shifted from last week’s panic to the hesitation of “should I chase it?”—and that’s actually interesting. When people hesitate, there’s often still room.
But I have to pour some cold water on this. This move looks more like an oversold bounce plus capital rotation. I haven’t seen signs of extreme bullish leverage—suggesting leveraged funds haven’t fully entered the market yet. Don’t mistake short-term momentum for a trend. There’s resistance around 0.168; only a breakthrough and sustained hold above that level counts.
$ENA #行情分析 #on-chain data
But I have to pour some cold water on this. This move looks more like an oversold bounce plus capital rotation. I haven’t seen signs of extreme bullish leverage—suggesting leveraged funds haven’t fully entered the market yet. Don’t mistake short-term momentum for a trend. There’s resistance around 0.168; only a breakthrough and sustained hold above that level counts.
$ENA #行情分析 #on-chain data