【ENA has been getting criticized for three years, but this time it’s a bit different】
Have you noticed? ENA has basically not been mentioned much over the past three years.
It’s not that nobody lost money—plenty of people did. But after losing enough, people stop bothering to complain and stop bothering to bring it up. That’s even worse than being criticized. It means the market has already put this thing into the “dead” drawer.
But when I looked at trading volume recently, I found an interesting signal.
Over the past 48 hours, ENA’s trading volume as a share of market cap has expanded abnormally. I usually don’t pay much attention to this indicator, but once it starts moving, either big money is quietly building a position, or big money is quietly exiting.
The question is, which possibility is more likely right now?
Look at market sentiment— the Fear & Greed Index is 64, and the weekly average is only 66, basically in that boring “neither greedy nor fearful” zone. BTC market dominance is still at a high 59%, which means money is still piled into BTC and rotation hasn’t started yet.
But ENA’s valuation has already become absurdly low: it’s down 85% from ATH. This isn’t just halved anymore; it’s been cut off at the ankle.
So the question is: is this low valuation the market correcting itself, or is the market telling you this thing really is done for?
I can’t give you the answer. But I can tell you about an old wound—back in 2021, I saw a similar script. A coin dropped 90%, everyone said it was over, but the development team didn’t run, the ecosystem kept moving forward, and later it really did pump.
I’m not saying I’m betting this one will pump for sure this time. I’m just saying low valuation doesn’t mean it can’t go lower, but when valuation is low, researching it is still worthwhile.
If you really want to take action, I suggest first figuring out one thing: has ENA’s fundamentals undergone a fundamental change?
You’ll have to dig into that yourself. What I can say is, if the ecosystem is advancing, the team hasn’t disbanded, and applications are actually running, then this level at least deserves a place on the watchlist.
Risk warning: the above is personal research and does not constitute investment advice.
What’s your mindset right now? Do you dare touch a heavily oversold level like this? Or have you been hurt so badly that you’ve completely stopped looking at it? Let’s chat in the comments.
Have you noticed? ENA has basically not been mentioned much over the past three years.
It’s not that nobody lost money—plenty of people did. But after losing enough, people stop bothering to complain and stop bothering to bring it up. That’s even worse than being criticized. It means the market has already put this thing into the “dead” drawer.
But when I looked at trading volume recently, I found an interesting signal.
Over the past 48 hours, ENA’s trading volume as a share of market cap has expanded abnormally. I usually don’t pay much attention to this indicator, but once it starts moving, either big money is quietly building a position, or big money is quietly exiting.
The question is, which possibility is more likely right now?
Look at market sentiment— the Fear & Greed Index is 64, and the weekly average is only 66, basically in that boring “neither greedy nor fearful” zone. BTC market dominance is still at a high 59%, which means money is still piled into BTC and rotation hasn’t started yet.
But ENA’s valuation has already become absurdly low: it’s down 85% from ATH. This isn’t just halved anymore; it’s been cut off at the ankle.
So the question is: is this low valuation the market correcting itself, or is the market telling you this thing really is done for?
I can’t give you the answer. But I can tell you about an old wound—back in 2021, I saw a similar script. A coin dropped 90%, everyone said it was over, but the development team didn’t run, the ecosystem kept moving forward, and later it really did pump.
I’m not saying I’m betting this one will pump for sure this time. I’m just saying low valuation doesn’t mean it can’t go lower, but when valuation is low, researching it is still worthwhile.
If you really want to take action, I suggest first figuring out one thing: has ENA’s fundamentals undergone a fundamental change?
You’ll have to dig into that yourself. What I can say is, if the ecosystem is advancing, the team hasn’t disbanded, and applications are actually running, then this level at least deserves a place on the watchlist.
Risk warning: the above is personal research and does not constitute investment advice.
What’s your mindset right now? Do you dare touch a heavily oversold level like this? Or have you been hurt so badly that you’ve completely stopped looking at it? Let’s chat in the comments.