Ethena: Wallet Deposits 170M ENA to FalconX

Ethena faces fresh selling pressure after a wallet transferred 170M ENA (~$14.09M) to FalconX from its Gnosis Safe in a single hour, echoing last year’s inflows and pointing to another possible OTC sale. ENA currently sits at $0.08 inside its Bollinger band with the lower support at $0.08 and upper resistance at $0.09, while both EMA50 and EMA200 rest at $0.09 as concrete overhead resistance in the ongoing bearish structure. The RSI(14) at 27.26 marks clear oversold conditions that often precede short-term bounces, yet the MACD golden cross hints at building momentum that could still fail if price rejects the $0.09 zone, forcing a retest of the lower band before any sustained recovery in ENA price prediction models.