Underwater holders form a barrier Despite recent

Underwater holders form a barrier

Despite recent stability, ENA remained under significant pressure from trapped holders. Only 5.53% of wallets were in profit, while 25.39% were out of the money. 

A staggering 69.08% were sitting at breakeven near the press time price zone between $0.34 and $0.41. This creates a thick layer of psychological resistance, as many holders may sell into strength to break even or limit losses. 

Consequently, even if the price breaks out technically, it must overcome this heavy supply zone. This distribution risk could mute any rally unless demand accelerates meaningfully in the near term.