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ENA bears tighten grip – Why recovery is possible only if…

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.

This is community-generated content, not advice from ONUS.
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