Ethena’s A/D indicator has shown steady decline since December, signaling weak bullish activity. Recent trading volume drops for ENA signal low market conviction, raising concerns among investors.
As token unlocks approach, a significant portion of ENA is still locked, which could increase selling pressure on the market. This scenario presents challenges for ENA investors looking for recovery.
USDe remains stable with a market cap exceeding 6 billion USD, while ENA’s support levels are under scrutiny. Current evaluations suggest potential declines if it falls below 0.5 USD.
Leave a Reply