32.6K @TalonXBT The PA is too weak if we call it a double bottom, the reaction at the right bottom isn’t strong and is still being held. It’s more possible to make another ATL if this green gets breached. A strong catalyst is needed to push the price above EMA.
$ENA https://t.co/8mu9XqyecW
7 @RafliDwiPu96093 @TalonXBT Ena bro, weekly seems to have formed a double bottom, right bro?
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33.7K @BadwiCrypto 📉 More than 300 million $ENA tokens from @ethena were deposited onto exchanges last month 👀
Such a large deposit volume often signals increased selling pressure or repositioning of holdings, especially when large amounts move to exchanges 🔥 https://t.co/yYIaMPAs11
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165.3K @alicharts More than 300 million Ethena $ENA have been deposited into trading platforms over the past month. https://t.co/64FnstPGK0
165.3K @alicharts Ethena $ENA on-chain activity skyrockets!
Daily active addresses just reached 5,057, registering the highest network utilization since November 2025. This massive user engagement spike represents a multi-month high for the protocol.
This network expansion arrives as ENA trades near $0.09. The asset has weathered an extensive 92% valuation pullback since its late 2025 peaks, successfully clearing out short-term speculative premium.
A simultaneous surge in network growth and new wallet creation right at these deep-value coordinates represents a divergence. Rather than a sign of trend weakness, this explosive on-chain adoption suggests smart money is actively stepping in, providing the necessary liquidity to potentially form a macro bottom.
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