$ENA Bounces 5.6% as the Whale-Selling Drop Fades
ENA is up 5.6% in 24h and 11.1% on the week at $0.206, the top gainer on the board after last week's roughly 22% slide.
The bounce has no official catalyst, and the pressures behind the drop, whale selling and token unlocks, haven't gone away. Support sits at $0.189 (24h low), resistance at $0.212 with $0.226 above.
I'd call this a relief rally, not a trend change: expect ENA to stall near $0.212 while it fails to close above it. Not financial advice, DYOR.
$ENA
ENA is up 5.6% in 24h and 11.1% on the week at $0.206, the top gainer on the board after last week's roughly 22% slide.
The bounce has no official catalyst, and the pressures behind the drop, whale selling and token unlocks, haven't gone away. Support sits at $0.189 (24h low), resistance at $0.212 with $0.226 above.
I'd call this a relief rally, not a trend change: expect ENA to stall near $0.212 while it fails to close above it. Not financial advice, DYOR.
$ENA
