ENA is currently valued at 0.3583 USD, with a market capitalization of 1.89 billion USD. It faces crucial support at 0.35 USD and resistance at 0.47 USD, essential for its breakout prospects.
Despite recent optimism, on-chain signals present challenges for ENA, with rising open interest reflecting more liquidations in long positions than shorts. This condition indicates potential downward pressure on the altcoin’s price.
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