Monitoring $BTC:

Keep a close watch on Bitcoin’s price movements. Significant upward movement past $70,000 can signal a bullish trend for ENA. On the other hand, a decline to $56,000 may necessitate reassessing your position.

Technical Analysis of $ENA:

ENA is currently in a descending wedge pattern, typically a bullish reversal sign. Watch for a breakout above resistance levels around $0.77 and $0.83. A successful breakout could indicate a potential upward trend.

Support and Resistance: Key support is around $0.59. If this level holds, it might prevent further decline. Resistance levels to watch are $0.77 and $0.83 for signs of an upward breakout.

Whale Activity:

Given that 97.11% of ENA is held by whales, monitor whale transactions. Significant buy or sell actions by these holders can drastically affect price movements.