More than 40 million ENA tokens worth 12 million USD were unlocked, resulting in only a 1% price decrease, indicating strong support from buyers. Futures open interest for ENA rose by 2%, reflecting increased trading activity.
The positive funding rate of 0.0059% shows high demand for long positions, suggesting potential price growth towards 0.37-0.41 USD. Despite a significant increase in supply, buyer support has prevented a steep decline.
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