Investors Accumulate ENA, Price Could Rise to $0.65
The Most Important Points at a Glance
A new wallet has withdrawn 14.51 million Ethena (ENA) tokens worth $5.95 million from Binance. This movement suggests possible accumulation by so-called “crypto whales.” At the same time, data shows that investors are increasingly buying ENA. If the token stays above $0.36, its price could rise by up to 65%.
Large Investor Buys ENA Worth $5.95 Million
According to the blockchain analysis tool Lookonchain, a large amount of ENA has been withdrawn from Binance. Such purchases by institutional investors or whales can impact the price, as they often follow long-term strategies. This transaction could be an example of the “buy the dip” strategy, where investors buy during price declines to profit from a future increase.
$2.10 Million ENA Outflow from Exchanges
In addition to the large purchase, data from Coinglass shows that in the last 24 hours, ENA tokens worth $2.10 million have been withdrawn from crypto exchanges. A high token outflow may indicate that investors intend to hold their assets long-term rather than selling immediately.
Additionally, the on-chain analytics platform IntoTheBlock reports a 1,030% increase in large investor transaction volume within a day. The number of daily active addresses has also risen by 64%. These developments suggest that institutional investors and whales are becoming increasingly active in ENA.
Key Price Levels for ENA
Currently, the most important liquidation zones for ENA are between $0.394 on the lower side and $0.418 on the upper side. Traders have built significant leveraged positions at these levels.
– If the price drops to $0.394, long positions worth $6.26 million could be liquidated.
– If the price rises to $0.418, short positions worth $2.44 million could be closed.
You should read that too:
-
Crash Games in Online Casinos: A Review of Games and ProvidersReading time: ~ 3 minutes
-
Love and Valentine’s Day Slots – The Most Romantic Slot Games
Reading time: ~ 3 minutes
-
Low Volatility Slots
Reading time: ~ 3 minutes
-
High Volatility Slots
Reading time: ~ 3 minutes
-
Medium Volatility Slots
Reading time: ~ 3 minutes
These data indicate that buyers currently dominate the market, making a price rally possible.
ENA Price Development and Forecast
At the time of analysis, the ENA price stands at approximately $0.41, having increased by 4.50% within 24 hours. According to technical analysis, ENA is in a strong support zone.
If the price remains above $0.36, a 65% price increase to $0.65 could be possible. This forecast is based on past price trends and the current buying interest of large investors.
Our Assessment
The recent movements of large investors suggest that ENA is currently being accumulated. The high token outflow from exchanges indicates a long-term holding strategy. At the same time, many traders are using high leverage in the market, which can lead to rapid price movements.
Whether ENA actually rises to $0.65 depends on further market developments and investor behavior. Those investing in ENA should closely monitor the liquidation zones and overall market conditions.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 35x bonus |
| 60x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency