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Crypto

ENA Price Drops Amid Rotation into Bitcoin and Majors

Guavy AI Editorial Team
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BTC ENA
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ENA's price has dropped by 3.72% over the last 18 hours due to profit taking and rotation into Bitcoin and major cryptocurrencies.

This correction is not a response to any negative news about ENA, but rather a natural outcome of its recent strong performance.

ENA had surged by around 65% in the week leading up to August 21, with a 7-day performance of +82.3% and a 24-hour volume near $684.7 million.

The token's price was overbought on indicators like RSI and crowded with late buyers, making it vulnerable to a correction.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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