Bitcoin (BTC) price slipped below $112,000, shaking confidence across the broader crypto market. Yet on-chain data reveals a quiet divergence: Enjin Coin (ENJ), Fetch.ai (FET), and SushiSwap (SUSHI) are seeing net outflows from Binance, a signal of accumulation amid broader uncertainty.
At the same time, their price action reflects a mixed context. ENJ price is down roughly 5% on Aug. 25. FET has also weakened by around 5% in the day, adding to a softer trend that stretches over a longer timeframe. However, SUSHI has underperformed, falling nearly 7% on Aug. 25, and logging an 11% slide over the past seven days, weighed down by technical resistance and recent pullbacks.
Analyst Burak Kesemeci shared a post on CryptoQuant, sharpening the contrast. While BAT, DAR, and MATIC registered the heaviest inflows—often a precursor to sell pressure—ENJ, FET, and SUSHI showed the deepest outflows from Binance. That withdrawal trend implies traders are moving these tokens into private wallets rather than preparing them for liquidation.
ENJ, FET, and SUSHI now stand out as tokens to watch as the market navigates turbulence.
Enjin Coin Shows Signs of Accumulation Amid Market Weakness
Enjin Coin (ENJ) has recently attracted attention as exchange data and analyst commentary point toward a potential accumulation phase. Kesemeci’s post highlighted ENJ among the top tokens leaving Binance, indicating that investors were moving holdings into private storage rather than preparing to sell.
Chart analysis reinforced the view. Trader Pieter Boonekamp noted that ENJ’s structure “could be a very nice high-timeframe accumulation,” pointing to a broad consolidation zone formed after weeks of weakness. The ENJ USD pair traded near $0.065, with the token testing the support in the $0.06–$0.065 range. The price has yet to reclaim resistance levels, but the repeated defense of that zone suggested buyers were active.
Fundamentals also entered the conversation. Another X user, Bitillionaire, argued that Enjin remained overlooked while other gaming tokens chased hype.
He highlighted the Efinity chain, Enjin wallet, and Beam technology as live infrastructure that positioned the project as a ready-to-use ecosystem rather than a speculative roadmap. In his view, this differentiated ENJ from rivals and created long-term value beyond short-term volatility.
Together, the outflow data and analyst commentary suggest ENJ may be transitioning into accumulation, even as its price action remains range-bound. With buyers absorbing supply near key supports, the token could be building a base while broader market sentiment stays fragile.
Fetch.ai Analysts See Long-Term Upside, But Near-Term Risks Remain
Fetch.ai (FET) faced pressure alongside the broader market, but analysts remained constructive on its larger structure.
More Crypto Online framed FET within an Elliott Wave cycle, highlighting $1.00 and $2.20 as key breakout levels for the FET USD pair. The analyst marked $0.34, the April low, as the key support. Holding that base kept the bullish structure intact. The projection outlined an ideal wave C target near $6.20, showing the scale of potential upside if conditions aligned.
Crypto Gorilla reinforced the long-term resilience while pointing to near-term weakness. The analyst called the daily chart soft but emphasized strength on the monthly timeframe. The outlook aimed to move back toward $1, framing the token as structurally sound despite short-term hesitation.
Independent analyst Trader Tim approached the setup tactically. Tim’s post confirmed a long position in FET but tied success to broader market stability. The chart showed a developing base that suggested accumulation, but downside pressure still posed a risk.
Analysts shared conditional optimism. They agreed the structural trend supported higher FET prices if critical supports held. The divergence came in timing. Some focused on ambitious long-term projections, while others stressed the need for stability before momentum could return.
SushiSwap Tests Key Levels as Traders Eye Breakout
SushiSwap (SUSHI) traded under pressure but drew attention after analysts flagged a potential breakout structure on the daily chart.
X-based independent analyst OKB Maximalist highlighted that SUSHI broke below the 50-day moving average earlier, then recovered and moved back to retest it. The retest now acts as a key pivot.
The chart suggested bullish signs if SUSHI holds this level. A successful defense could trigger a breakout, opening room for a move toward the 200-day moving average. The analyst stressed that the short-term direction hinged on whether the token maintained strength at this stage.
The SUSHI USD pair traded near $0.745, down more than 10% WTD. The losses underscored fragile sentiment, but the setup kept traders focused on the possibility of a reversal. A failure to hold the 50-day moving average would likely push the token back into a range, delaying any bullish continuation.