Ethena Eyes $1.33 as Toncoin Tests Support and Cold Wallet Attracts Whale Buys

Market dynamics are showing contrasting trajectories for Toncoin, Ethena, and Cold Wallet as traders assess key technical levels and early presale momentum. Ethena (ENA) has entered a familiar chart pattern reminiscent of its 2024 breakout, where a wedge formation and double-bottom setup historically pushed prices up by 89%. Analysts have noted these parallels, and the current retest of the 200-day moving average below $0.70 resistance is being closely monitored. A break above this level could see ENA moving toward $1.33, reinforcing a bullish bias ahead of a confirmed neckline breakout [1].

Meanwhile, Toncoin (TON) is facing a critical moment after a 3.63% drop pulled its price to $3.26. The $2.93 support level is now in focus, with traders bracing for a potential slide toward $2.50 if the level fails. On the flip side, a rebound to $3.43 remains a possibility as relative strength index (RSI) readings near oversold territory. Broader concerns, including regulatory uncertainty linked to Telegram, are clouding its outlook despite strong technical fundamentals and over 1,000 decentralized applications (dApps) on its network [2].

In contrast, Cold Wallet ($CWT) has attracted growing attention due to early whale activity. The project has raised $5.7 million and sold over 683 million tokens in 16 presale stages. Large buyers have been accumulating $CWT at $0.00942, with the next price stage also set at this level, signaling strategic entry points. These moves are not random; they reflect a pattern often tracked by experienced traders as early signs of momentum shifts. At current prices, with a projected launch value of $0.3517, early buyers are positioning for a potential 3707% return on investment [3].

The growing interest in $CWT is further supported by additional benefits for presale participants, including early access to platform tools and enhanced staking rewards. These incentives, combined with whale-driven volume, suggest a strategic move to establish a strong early user base. The project is no longer under the radar, with analysts and crypto forums increasingly discussing its trajectory. With only 134 out of 150 presale stages remaining, the window for early entry is narrowing [4].

Compared to the uncertainty surrounding ENA and TON, Cold Wallet offers a more defined growth path. While Ethena could rally if its historical pattern repeats and Toncoin remains at a critical support level, Cold Wallet is already showing traction. Traders who delay entry risk missing the opportunity to capitalize on the next price increase. As the crypto market continues to shift, the divergence in asset performance highlights the importance of technical analysis and early market signals [5].

[1] Ethena (ENA) chart setup suggests a potential move toward $1.33, mirroring a 2024 bullish pattern.

[2] Toncoin (TON) has fallen 3.63%, raising concerns about its $2.93 support level.

[3] Cold Wallet ($CWT) presale has raised $5.7 million, with significant whale activity observed at $0.00942.

[4] Presale participants gain exclusive benefits, including early access and staking incentives.

[5] Market divergence is evident, with Ethena showing bullish potential, Toncoin at a critical juncture, and Cold Wallet gaining early traction.

Sources:

[1] Ethena (ENA) Chart Setup Suggests Pattern May Repeat Toward $1.33

https://coinmarketcap.com/community/articles/689360e61d74da171fb86ab3/

[2] Toncoin Traders Watch Support at $2.93 as Sentiment Wavers

[3] Whales Signal Early Confidence as Cold Wallet Draws Heavy Buys

[4] Cold Wallet Presale Offers Early Access and Staking Incentives

[5] Market Contrasts Sharpen as Traders Watch Next Moves