- Ethena (ENA) fell 9.20% within the final 24 hours and is buying and selling at $1.7.
- A whale created a brand new pockets and bought 5.29 million ENA tokens.
- The whale bought the tokens at a median value of $1.12 and is at present at a loss.
Ethena, an artificial greenback protocol on Ethereum, noticed its ENA token drop 9.20% within the final 24 hours because the crypto market declined. Bitcoin (BTC) is struggling to rise above $104,000. Nonetheless, a whale would have accrued a considerable amount of ENA.
Spot On Chain, a blockchain analytics platform, reported on at $5.92 million. The pockets has already suffered a loss on its ENA holdings that are at present valued at $5.655 million primarily based on the altcoin's present value of $1.07.
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The tokens had been subsequently delisted from Binance, the world's largest digital asset change, which means the whale is optimistic concerning the near-term value motion of the ENA token regardless of the monumental value drop within the final 24 hours. Based on information from CoinMarketCap, the cryptocurrency surged 16.45% up to now week and 87.77% over the previous 30 days.
ENA value evaluation
The every day chart reveals that the relative energy index (RSI) for ENA is 59.20. This means that the bulls are accountable for the worth motion, however the route of the RSI line suggests {that a} retest of $1 is probably going.
The MACD indicator reveals a bearish divergence. The sign line moved above the MACD line and the MACD histogram turned crimson. Mixed with the RSI studying, the short-term outlook for ENA seems bearish. Buyers ought to proceed with warning.
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