Over the past 48 hours, whales moved large amounts of $ENA , sending the price down 6% to 0.1972. Everyone is calling it a sell-off—is it about to break down?
$ENA 's founder just clarified that it was a security precaution involving a hardware wallet, not a sale. But the market isn't buying it. The overall Fear & Greed Index is at 62, and sentiment was already shaky. We haven't seen any large buy orders absorbing the selling, so don't jump to conclusions about a major sell-off—the evidence is insufficient.
At this level, it's not worth chasing in the short term. First, watch whether $ENA 's exchange balance increases. Address activity hasn't dropped, and funding rates haven't turned negative, so the medium-term thesis still holds. If selling volume continues to surge, wait it out.
If you want to get some practice, you can join today's DGAI trading competition. It's a zero-cost way to test your skills, and you can earn Write to Earn rewards—more worthwhile than blindly guessing which way prices will move.
Do you think $ENA can hold 0.18 this time? Comment 1 if you think it will hold, and 2 if you think it'll break below.
#Write2Earn #BinanceSquare #ENA AlphaTradingCompetition #TradingTournament
$ENA 's founder just clarified that it was a security precaution involving a hardware wallet, not a sale. But the market isn't buying it. The overall Fear & Greed Index is at 62, and sentiment was already shaky. We haven't seen any large buy orders absorbing the selling, so don't jump to conclusions about a major sell-off—the evidence is insufficient.
At this level, it's not worth chasing in the short term. First, watch whether $ENA 's exchange balance increases. Address activity hasn't dropped, and funding rates haven't turned negative, so the medium-term thesis still holds. If selling volume continues to surge, wait it out.
If you want to get some practice, you can join today's DGAI trading competition. It's a zero-cost way to test your skills, and you can earn Write to Earn rewards—more worthwhile than blindly guessing which way prices will move.
Do you think $ENA can hold 0.18 this time? Comment 1 if you think it will hold, and 2 if you think it'll break below.
#Write2Earn #BinanceSquare #ENA AlphaTradingCompetition #TradingTournament