Ethena’s ENA token experiences 10% decline after $101 million unlock – Can it maintain $0.45 support?

The recent unlock led to a drop in trading volume and heightened selling pressure, indicating diminished market enthusiasm. Upcoming unlocks may add further pressure on the token’s price.

Technical indicators suggest ENA might be oversold, yet bearish sentiment persists in the futures market. An additional 40.63 million ENA unlock is scheduled for November 2, 2025.