Ethena Hits Resistance at $0.10 While Whales Keep Accumulating

Ethena is currently locked in an interesting battle around the ten cent price level. On one side, large holders are steadily stacking their bags. On the other side, the coin is running into strong selling pressure that is keeping a lid on any major price breakouts.

Market data shows that overall demand remains quite soft right now. Indicators like the on balance volume and exchange netflows point to a lack of aggressive buying from everyday traders. This quiet market activity explains why the price is struggling to break past resistance despite the steady accumulation by whales.

Traders should keep a close eye on the ten cent zone in the coming days. If the wider market picks up some momentum, that whale accumulation might finally push the price higher. If demand stays weak, Ethena could drift sideways or test lower support levels before making another run.