A whale deposited 9.776 million ENA tokens worth approximately $1.5 million on Binance, creating concentrated selling pressure as the price had already risen sharply. Spot flows provided a counterweight with net outflows of around $802K on August 23rd, reducing token availability on exchanges. The Whale versus Retail Delta indicator shifted negative to -0.023, signaling a reversal where retail activity now exceeds large holder activity. After a prolonged consolidation between $0.07 and $0.14, ENA broke through the upper resistance to reach $0.1707, with immediate resistance at $0.1774. A sustained break above $0.1774 would likely extend ENA toward the $0.25 resistance zone.
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