Crypto
Arthur Hayes Adds 2.69M ENA, Weighing Market Risks
Arthur Hayes has made another significant purchase of ENA tokens, buying 2.69 million units worth $246,000 over two hours ago.
This latest accumulation adds to his four-day total of 11.74 million tokens at an average price of $0.087 per token.
The price of ENA has been testing the upper Bollinger resistance at $0.09, while the Relative Strength Index (RSI) is sitting at 67.37, indicating a possible healthy retracement to the 50-EMA support at $0.09 before further continuation.
Despite this momentum fatigue, the EMA200 at $0.08 continues to anchor the bullish structure for ENA, but the MACD has printed a death cross at 0.0, signaling short-term momentum fatigue that may precede price prediction revisions by macro desks.