- Ena decreased 19 % in one day, erasing the last gains and hitting the main support near the level of $ 0.30.
- TVL rose to $ 5.426 billion, with the addition of $ 722 million in May, indicating continuous liquidity flows.
In the past 24 hours, Aden [ENA] The highest loss was recorded between encryption codes, and got 3 %.
However, the analysis also indicated that the trading volume began to decrease by 13 %, indicating a decrease in the pressure pressure.
Amid this development, there was an increase in liquidity and the presence of the main demand area as attractive points, but sellers remain active and threaten a possible recovery.
Why did Ena decrease?
The last ENA decreased on investor gains from last month, a decrease of 4.84 %. At the time of writing this report, the analysis indicated that this decrease was largely driven by activity in the derivative market.
According to Coinglass, the weighted financing rate in the open Ena has turned to negativity for the first time in 10 days. This shift confirmed the declining face in the derivative feelings.
Source: Coinglass
Moreover, the length ratio to the palaces fell to 0.8619-, which made the sale orders outperformed purchase contracts. This defect is often preceded by more negative aspect unless it is quickly corrected.
If these scales continue to decrease, Ena is likely to have an additional decrease in prices.
The flow of liquidity to the Ena is still high
It is worth noting that the decrease may approach its end with the emergence of two of the main bosses.
Ambrypto analysis was found that the Ena has been constantly recorded liquidity flows, as shown in the total closed value (TVL).
TVL represents the total value of the series held inside a protocol.
Source: Devillama
For each Devillama, TVL reached $ 5.426 billion at the time of the press, with $ 722 million of purchase or purchasing it in May alone.
This is not all.
Ena was recently traded in the main demand area of the fair gap (FVG) – which is highlighted by the rectangle on the graph.
Source: TradingView
Interestingly, it reached the midpoint of this FVG demand area, which was marked at $ 0.3044, a level historically led to the beginning of the assembly.
If the momentum builds from this level, the Ena may gain 34 %, which is likely to recover the 0.4080 dollar sign.
Will this be a free gathering?
Of course, the upward trend will not come easily.
IOMP/outside the price (IOMAP) has shown that the gathering will face resistance, as Ena is likely to face great obstacles in the future.
The scale showed that between $ 0.313 and 0.327 dollars, the original is likely to face a lot of pressure, with a total of 253 million Ena.
Source: IntTHEBLOCK
This is a heavy resistance set and can push more pressure on the road.
For this, the Heatmabledly map reveals a thick range of non -full contracts of about $ 0.32, which leads to a potential rejection if buyers stop.
