24-hour trading volume reached $520 million. $ENA surged from 0.1658 to 0.1973, with a range of nearly 20%. I took a look on-chain: several whale addresses have been steadily accumulating around 0.17—not just a one-off pump. Community sentiment has also shifted from being checked out last week to now saying “$ENA is making a comeback,” which is typical of the early stages of a sentiment recovery. But don’t get carried away just yet. Funding rates haven’t turned noticeably negative, which suggests longs aren’t overly crowded—a good sign. But with volume at this level, short-term holders could take profits and sell off at any moment. The 15-minute chart shows some signs of stalling above 0.19, so there’s a decent chance of a false breakout. A few major influencers are talking about a revival in the RWA narrative, and $ENA , as a representative of the synthetic dollar sector, is certainly benefiting from it.

$ENA #行情分析 #On-chain data