As the encryption market continues to remain under the fear of another accident, Ethina rises against the tide. With the price increased by 6.28 % over the past 24 hours, the ENA price is gradually gaining momentum.
The ENA code is trading at the market price of $ 0.4302, while keeping the maximum market of $ 1.35 billion. As the 60 largest market encryption projects, the recent recovery is saving to a possible rise in Ethaina’s dominance in the market.
Ethaina price analysis targets the rally rally
In the daily graph, the ENA price trend reveals a decrease. The upward failure of $ 1.26 led to a dual head that represents a decrease of 70 %. The declining direction took the shape of the falling spoil pattern.
Currently, the price of Ena is making two consecutive candles of climbs after a 15 % huge decrease on Monday. It challenges the Rapid V -shaped reflection inside the fall of the falling top line and alludes to a possible collapse.
Due to the increase in price fluctuations, Ethina now fluctuates near the Fibonacci level 61.80 % at $ 0.4106. Over the past two days, the successive upholstery candles have been a 14 % recovery.
With the recovery ascending, Macd and signal lines gave a positive cross. Thus, with the return of bullish graphs, momentum indicates a hint when a possible recovery.
Moreover, the daily RSI line that floats over excessive boundaries gradually. This is also projects that there can be a gathering of occurrence.
The madness whale fuel Ena Price Rally
Amid the chances of bullish recovery, the whales are actively acquired. According to the hadith mail According to Spotonchain, the whales pulled a total of 23.93 million Ena. This deserves approximately $ 9.7 million.
Surprisingly, both whales are Ena’s accumulation for the first time and a hint of a possible return of Ethina. The first whale withdrew 14.51 million Ena with a value of $ 5.88 million from Binance.
Second, I withdrew 0 3.8 million dollars ENA codes. Along with Ethena, the whale also gained another AAVI code of $ 2.15 million.
According to Fibonacci levels, it will be possible to challenge the outbreak of potential sides in the daily graph level of 23.60 % Fibonacci near $ 0.822. On the other hand, the declining shift is likely to test 78.60 % near psychological support $ 0.30.
