Santiment analysts note significant movements of EIGEN, ENA, and WLD tokens on exchanges.
According to the Centralized Exchange Deposits Dashboard, the largest altcoin transfers include:
#Eigenlayer (#EIGEN) - $2.8 million,
#Ethena (#ENA) - на 2,5 million $,
#Worldcoin (#WLD) - $2.0 million.
When large volumes of altcoins move to exchanges, it can be a signal that#whalesin a particular asset are preparing to sell. And this can lead to temporary price rollbacks even in the alt season. Although the BTC and ETH bull runs (both are a fact for us) can partially offset the impact of such sales, the altcoins from this list remain more vulnerable to rollbacks.
It is worth remembering that even in a bull market, price rollbacks of 10-20-30% are not something out of the ordinary. Therefore, even shoulders of 5 and below can be dangerous if a long is opened at the wrong time on highs.
All three assets from the#Santimentlist have grown well over the past week, having worked out the main and additional targets of our indicator on the four-hour TF.
At the same time, they give signals of potential high on two-day (EIGEN) and three-day (ENA, WLD) timeframes. This is another argument for a temporary rollback in the uptrend.
ENA and WLD prices have already entered a stable uptrend on the weekly TF (there is too little information on EIGEN for such a signal, it is a young asset). Taking into account the seasonality and the situation on the altcoin market, we believe that this is the start of their bull runs in the cycle.
