The cryptocurrency market is a brutal teacher. While many were waiting for a breakout, FET and ENA are showing us today what true patience is. Instead of blind optimism, let's look at the hard data from today's charts.
1. Fetch.ai (
$FET ) โ Fighting to Maintain the $0.28 Level
The AI sector, despite the big promises of the ASI alliance, has hit a wall. The FET price is currently oscillating around $0.28.
โข Flows: Today's 24-hour volume is approximately $98 million. There's no longer panic selling, but there's also a lack of aggressive buyers. However, we can see that whales are starting to place buy walls (buy walls) around $0.266 - $0.27.
As long as we hold the $0.28 level, there's a chance of a rebound toward $0.31. However, if support breaks at $0.26, I'll be looking for opportunities to add significantly lower.
Patient accumulation. Don't go "all-in" at these levels.
2. Ethena (
$ENA ) โ DeFi in Bitcoin's Shadow
Ethena is also feeling market pressure. The $0.23 price reflects the overall cooling sentiment across altcoins.
Today's volume for ENA is around $160 million. Interestingly, despite the price drop, the number of unique protocol users is still growing. This suggests that the project's fundamentals are strong, and the current price is the result of market cleanup from leveraged long positions.
โข Technically, ENA has strong support around $0.21 - $0.22. If BTC stabilizes, Ethena could be one of the fastest rebounding projects.
I'm watching the $0.21 zone. That's where I plan to increase my position ahead of a rebound toward $0.26.
Market Sentiment (Fear & Greed)
The Fear & Greed Index has retreated to a neutral level. That's good โ the market has cooled down, and emotions have settled. For a conscious investor, this is a time for analysis, not panic.
What do you guys think? Is this the end of the correction for
$FET , or will we see even lower prices before the weekend? Let me know in the comments which one will move first ๐
$FET $ENA #FET #ENA
#cryptotrading #Write2Earn!