<ul><li>Recent token unlocks and technical challenges have led to Ethena's native token, ENA, dipping below $0.32.</li><li>Massive token unlocks on June 2 and June 5 have raised concerns about increased selling pressure and market dilution.</li><li>Technical indicators, including RSI and MACD, signal a continuation of the bearish trend for ENA.</li><li>Market sentiment remains cautious due to the combination of increased token supply, bearish technical indicators, and significant selling pressure.</li></ul>

Ethena (ENA) Dips Below $0.32 Amid Token Unlocks and Technical Challenges

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