Amidst the constant uncertainty in the market, the encrypted whales that empty the Ethina symbols (ENA) are seen. Today, March 6, 2025, a prominent expert in Chefir was published on X (previously on Twitter) that the whales have been dropped worth $ 148 million of Ena’s distinctive symbols on the stock exchanges during the past 48 hours.
Current price momentum
This large symbolic movement from the governor to exchanges has the ability to create sale pressure and pay the price lower. However, though, the price of the Ena has moved in the opposite direction, where a profit has been recorded more than 8 % over the past 24 hours and is currently trading near $ 0.38. During the same period, the trading volume increased by 160 %, indicating an increase in the participation of traders and investors compared to the previous day.
Although 148 million ENA icons are emptied on stock exchanges, some investors and long -term holders accumulate symbols, according to the Series Analysis Company Coinglass.
Data from the immediate flow/external flow revealed that the exchanges have witnessed a large flow of $ 19 million of the distinctive symbols in Ena in the past 48 hours. These external flows of stock exchanges indicate a potential accumulation amid a decrease in prices and can create purchase pressure and bullish trend decorations.
Al -Saudi merchants betting
In addition to the mixed feelings between whales and long -term investors, traders support during the day this upscale activity. Within the past 24 hours, traders were overlapping at $ 0.362 on the underside and $ 0.386 on the upper side.
The data also revealed that $ 0.362 is a major level as traders built long jobs worth $ 5.50 million, while $ 0.386 is a level in which traders built at a value of $ 2.17 million. These positions at excess levels indicate that the bulls are dominating and may support Ena in an upcoming gathering, which helps them to recover their price.
Ena technical analysis and upcoming levels
According to expert technical analysis, Ena has succeeded in re -testing its decisive support level of $ 0.345 and now it seems that it gathered up.
Based on historical price patterns, if the original maintains this level and closes a daily candle exceeding $ 0.345, there is a strong possibility that can increase by 25 % to reach a level of $ 0.50 in the coming days.
