Today’s gainers leaderboard is quite active, but what’s truly worth watching isn’t the most outrageous small coins—it’s $ENA , where volume, price action, and open positions are moving in sync. As of 11:04, ENA is trading at about $0.1934, up 10.84% over the past 24 hours, with trading volume around $648 million; the most recent complete 1-hour candlestick has trading value of approximately $83.9 million, which is 3.44 times the prior average.
More importantly, over the last 24 hours the open interest increased from about 596 million to 662 million units, an 11.15% rise, while the funding rate is only 0.005%. This suggests the rally is accompanied by new positions, but the long-side funding is not yet extremely overheated. Official channels have had some ecosystem updates recently, but I couldn’t find any new announcements that directly correspond to today’s surge, so I won’t force the market move to be attributed to the news.
The risk is that the price has already fallen noticeably from the 0.2222 peak. If the area around 0.193 breaks, be careful of a volume-spike rally turning into profit-taking; only after price reclaims 0.205 with increased volume will it have the credentials to test 0.222 again. It’s worth monitoring now, but it’s not suitable to chase the breakout. #ENA #热点币 #Market Watch
More importantly, over the last 24 hours the open interest increased from about 596 million to 662 million units, an 11.15% rise, while the funding rate is only 0.005%. This suggests the rally is accompanied by new positions, but the long-side funding is not yet extremely overheated. Official channels have had some ecosystem updates recently, but I couldn’t find any new announcements that directly correspond to today’s surge, so I won’t force the market move to be attributed to the news.
The risk is that the price has already fallen noticeably from the 0.2222 peak. If the area around 0.193 breaks, be careful of a volume-spike rally turning into profit-taking; only after price reclaims 0.205 with increased volume will it have the credentials to test 0.222 again. It’s worth monitoring now, but it’s not suitable to chase the breakout. #ENA #热点币 #Market Watch