🚀🚀🚀Ethena (#ENA ) Starts Journey to $2 Amid Big Whale Buy
#ethena Labs Announces Wallet Integration with top-level Exchange.
Ethena whale is buying $2.19 million worth of ENA tokens worth about $3.14 million.
The instant resistance of ENA is located at $1.76, which may trigger a rise to $2 and above.
The price of Ethena (ENA) has witnessed a spectacular increase of 329% since the launch of the ENA token, with a starting price of $ 0.29. As of the press date, ENA is trading at $ 1.45 and its market capitalization has already exceeded the $ 2 billion milestone. Intra-chain developments indicate that the ENA price increase will not stop anytime soon, as whales make purchases in large quantities.
Buying the Ethena Whale
According to Lookonchain's insights, a significant transaction was observed involving a whale buying $ 2.19 million of ENA tokens worth about $ 3.14 million with an expenditure of $ 896 ETH. This remarkable purchase took place within the last 18 hours.
According to information provided by Lookonchian based on data received from Etherscan, there is speculation that Tokka Labs, in particular Altonomy, may be the organization behind this important acquisition.
This huge whale purchase shows that confidence in the altcoin and its ecosystem is increasing. In addition, the basic demand for Etherna seems healthy, with very few signs of depletion
The ENA token experienced a remarkable rise by crossing the $1.20 threshold, which led to the breaking of the rising triangle. Analysts interpret this breakout pattern as a strong signal that the bullish trend in the altcoin market will potentially continue.
Experts, based on analysis using Fibonacci levels, suggest that the rise could push the price of Ethena (ENA) towards the $ 1.76 level. However, there is optimism that the altcoin could target the $2.67 level in the event of a broader recovery of the market.
