Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The price of ENA has increased by more than 10% in the last 24 hours and is trading near $0.28. This move stands out because the digital token is still down around 54% in three months, stuck in a sustained downtrend. Some traders may see this rebound as the start of a change in course.
But the chain data and technical signals are still leaning in the opposite direction. The rally has not gained enough confirmation, and a 13% pullback is still a real possibility.
The big holders do not support this movement. While many posts on X show new whale acquisitions, the bigger picture tells a different story.
Sponsored
Sponsored
Over the last 24 hours, the whale action has decreased from 8.17 billion to 8.07 billion ENA. This represents a decrease of about 100 million ENA, and is worth about $28 million at current prices.
Want more icon tips? Subscribe to our daily cryptocurrency newsletter with editor Harsh Notariya here.
Then the rebound occurred as the whales continued to reduce positions. This weakens the height rule.
The volume models agree with this. The On-Balance Volume (OBV) indicator, which tracks whether the actual buying volume is increasing or decreasing, forms a clear contrast. From November 18 to November 26, the ENA price made a higher high, but the OBV made a lower high.
Sponsored
Sponsored
This means that the price increases faster than the actual volume, and this variance often limits the increase. To disrupt this divergence, the OBV indicator must cross its downward trend line. Until that happens, you will be missed ENA prices are on the rise By force.
Momentum does not support a breakout yet.
The Relative Strength Index (RSI), which measures buying power, shows a hidden bearish divergence. Between November 10 and November 26, Athena price chart Lower high, but the RSI formed a higher high. Hidden bearish divergence appears in longitudinal trends, not before reversals. It indicates that the broader trend is likely to continue.
Sponsored
Sponsored
When you combine the whale selling, weak OBV and a bearish RSI structure, the recovery looks more like a relief jump than a trend change.
ENA price levels indicate a possible 13% drop
The key level in the short term is $0.29. If he can’t Athena (ENA) Fraction Close above this level, the recovery loses momentum again. This puts the price at $0.24, which is about 13% below current prices.
A clean break below $0.24 gives way to $0.21, which represents deeper support if selling pressure increases.
Sponsored
Sponsored
For the recovery to gain strength and continue, the ENA price needs two steps:
• First, a strong candle closes above $0.29, mainly driven by the OBV breakout (if it happens)
• Then continue above $0.35.
Only above $0.35, the bearish divergence led by RSI begins to fade, and only then a move towards $0.53 can become a reasonable target for the upside. Until that happens, the downward trend of the ENA price remains under control.
