ENA has recently shown obvious signs of abnormal trading volume. On the 30-minute chart, the trading volume has surged by 84.1%, with the current price at 0.2292 USDT.
From a technical perspective, the support level at 0.2279 is worth paying close attention to, only 0.78% away from the 1-hour benchmark. Such amplification in trading volume often signals the beginning of a market move.
Based on the current trend, it may be considered to position for a long around 0.2279, with a target towards the resistance level at 0.2497. This kind of abnormal volume combined with support levels has historically been a reliable trading signal. How the subsequent trend develops will require ongoing observation of ENA's performance.
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DefiEngineerJack
· 01-11 12:18
well *actually* that 84.1% volume spike could just be liquidation cascade, empirically speaking the math doesn't check out
ngl the 0.78% proximity thing is cute but have you considered slippage + order book depth? non-trivial issue here
show me the formal verification or it's just astrology with numbers
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DaoGovernanceOfficer
· 01-10 14:17
tbh the volume spike data here is interesting but like... empirically speaking, 84% jumps don't guarantee anything without looking at underlying protocol health metrics. where's the on-chain activity analysis? 🤔
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TradFiRefugee
· 01-08 14:56
84% surge in transaction volume? It's time for everyone to wake up now.
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DegenTherapist
· 01-08 14:56
84% increase in trading volume? This feels like another signal of a rug pull.
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Ser_Liquidated
· 01-08 14:46
84% of the trading volume suddenly surged. I've seen this pattern too many times before.
Can the crucial support at 0.2279 really hold? I have a feeling it's going to break.
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PonziWhisperer
· 01-08 14:44
84.1% increase in trading volume, is this really genuine or just a trap? Starting to lose confidence.
ENA has recently shown obvious signs of abnormal trading volume. On the 30-minute chart, the trading volume has surged by 84.1%, with the current price at 0.2292 USDT.
From a technical perspective, the support level at 0.2279 is worth paying close attention to, only 0.78% away from the 1-hour benchmark. Such amplification in trading volume often signals the beginning of a market move.
Based on the current trend, it may be considered to position for a long around 0.2279, with a target towards the resistance level at 0.2497. This kind of abnormal volume combined with support levels has historically been a reliable trading signal. How the subsequent trend develops will require ongoing observation of ENA's performance.