ENA has experienced a 17% decrease in value over the past 24 hours and is currently trading at $0.84. The asset’s market cap has fallen to $1.2 billion, making it the 68th-largest cryptocurrency. Daily exchange inflow has declined by 73.5%, dropping from 72.89 million ENA to 19.28 million ENA.
Similarly, the exchange outflow has witnessed a 44% decrease, falling from 50.72 million ENA to 28.46 million ENA. This pattern suggests a significant decline in the number of traders and investors taking profits, leading to an expected decrease in price volatility. According to Santiment, the number of daily active addresses has been consistently dropping over the past nine days, decreasing from 20,922 on April 9 to 2,341 active addresses per day at the reporting time.
Additionally, the ENA Relative Strength Index (RSI) has plummeted from 60 to 44 in the past 24 hours. In order for ENA to remain in the bullish zone, its RSI would need to stay below the 50 mark.
