An estimated 171.85 million ENA (~$103 million) will unlock on August 6, 2025, about 2.7% of the total market cap, which could add short-term selling pressure.
In addition, around 250 million ENA have been moved to exchanges in the past two weeks—this could be a signal of potential selling pressure even though the current momentum remains positive.
On the technical chart, ENA is trading above the 20-day SMA and shows a bullish structure, with strong support around $0.55-$0.56 and resistance at ~$0.622.
Open Interest increased by ~17%, while derivative volume rose by ~46%, indicating an increase in speculative positions, particularly in the buying (long) direction.
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