Whale demand for ENA indicates potential trend reversal as large stakeholders accumulate. An Ethena-linked wallet acquired 25 million ENA valued at 6.7 million USD, suggesting growing confidence.
Current technical structure shows ENA stabilizing within a descending channel, with signs of an upward trend shifting. RSI recovery and exchange outflows reinforce the positive market sentiment.
Increased Open Interest reaching 334.94 million USD indicates that traders are actively positioning for a bullish trend, suggesting heightened market engagement at critical support levels.
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