ENA is currently in an interesting position. I noticed that the price has dropped by 4.22% over the last 24 hours and is trading around $0.11, although it was higher earlier. Trading volume has decreased to $5.02 million, indicating less interest than before. The chart shows that ENA is trying to hold its position but is facing resistance near $0.1345. If it manages to break through this level, there is a potential 45% upside to $0.198. Otherwise, a significant decline could occur.

What’s interesting about derivatives is the imbalance between long and short positions. Traders have accumulated $3.31 million in long positions versus $1.20 million in short positions, mainly around levels of $0.1204 and $0.1262. Open interest has increased by 12.82% to $251.47 million, indicating growing activity. Meanwhile, technical indicators MFI at 86.01 and CMF at -0.02 signal overbought conditions with weakening money flows. On-chain top-100 addresses have increased their ENA assets by 4.85% over the month, which may indicate confidence from large players. For now, ENA remains in the game, but it’s important to closely monitor these key resistance levels.