ENS Drops to $27.71 — Will Bulls Defend $27 Support?

I see Ethereum Name Service (ENS) slipping 4.25% to $27.71, testing critical support levels even after a recent rebrand that briefly fueled bullish momentum. I’m watching whether buyers can hold the $27 floor after this pullback.

I note that WAI experienced a temporary surge of 932% following a Binance Alpha listing, showing how exchange catalysts can produce extreme short-term volatility.

I’m concerned that Monero (XMR) fell more than 10% in 24 hours amid headlines about a 51% attack, which highlights how security-related news can rapidly dent confidence in privacy assets.

I observe that the attacker on Radiant Capital sold 3,091 ETH to acquire 13.26 million DAI, an action that injected meaningful selling pressure and stablecoin flows into the market.

I see ONDO down 3.7% to $0.98 despite Robinhood listing momentum and prior bullish analyst forecasts, with technicals offering mixed signals.

I notice PancakeSwap (CAKE) is trading at $2.71 after a 3.52% drop as traders take profits, even as Stock Perpetuals launches and weekly gains suggest an underlying bullish trend.

I observe Circle’s announcement about launching ARC, a Layer-1 blockchain focused on stablecoins, as a strategic product development that could reshape stablecoin infrastructure.

I note Internet Computer (ICP) pulling back 5.12% to $5.35 after heavy distribution near $5.75, with the RSI hinting at a possible rebound from oversold levels.

I see Circle’s Q2 report showing a $482 million net loss and USDC circulating supply of $65.2 billion as of August 10, which is relevant for stablecoin and broader market confidence dynamics.

I observe FTX token (FTT) trading near $0.92, down 2.62%, as bearish pressure outweighs positive news about a $16.5 billion plan to pay creditors, with support levels being tested ahead of the August 15 record date.

I see JasmyCoin (JASMY) consolidating at $0.02 amid a 3.77% daily decline; technicals are mixed with a neutral RSI and a MACD that could hint at a potential upward impulse.