ENA drops 13.1% to $0.1847 on volume 6% above average
- —ENA fell 13.1% to $0.1847 on $601 million in volume, 6% above the 30-day average
- —Price sits below the SMA-50 ($0.1946) but above the SMA-90 ($0.1508) and SMA-200 ($0.1199)
- —RSI at 41 does not confirm classic oversold conditions
- —Open interest reportedly fell 16%, according to an unverified external report
Why it matters: The drop on elevated volume and falling open interest points to deleveraging; holding the SMA-90 will determine whether this remains a correction.
Source: DiarioBitcoin