Threat of Ethena falling to $0.13 despite 118 million ENA acquisitions by whales

Ethena (ENA) has dropped to $0.17 after reaching $0.25. Despite whale activity indicating accumulated interest, retail investors continue to sell, exerting downward pressure on the price.

Analysts warn of potential support level breaches at $0.17, predicting a decline to $0.13. The Relative Strength Index reflects heightened selling pressure, solidifying bearish market conditions.

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