ENA token experienced a 1.2% increase in the past 24 hours, despite a 22.5% decline over the last 30 days, as significant whale accumulation and reduced exchange supply signal a potential reversal. A total of 1.59 billion ENA tokens were withdrawn from Coinbase, decreasing sell pressure, while whales accumulated 774 million ENA in just five days, indicating strong interest.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are turning bullish, suggesting a possible price reversal. Key price levels to watch include support at $0.27 and a potential breakout above $0.30.
ENA Token Sees Supply Shock as Whales Accumulate
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