Whales withdrew over 102 million ENA tokens, worth approximately $8.49 million, from centralized exchanges, reflecting a preference for self-custody and staking over immediate distribution. Despite this, ENA continued declining, highlighting the disconnect between large investor behavior and short-term bearish sentiment. The price found support around $0.0800 within an ascending channel, while the RSI dropped to 47.61, below the neutral threshold. Daily net exchange flows remained negative at -$450.98K, keeping pressure on available supply. A break below $0.0800 would expose the $0.0700 support zone, while a rebound could bring $0.0900 back within reach.
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