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Ethena (ENA) Price Dropped 13%, Will it Drop Further?

  • Ethena (ENA) price corrected 73% from December highs of $1.31 to current levels around $0.36.
  • RSI at 50.30 indicates neutral momentum, trading below 200 EMA showing bearish trend.
  • MACD signals suggest continued consolidation rather than a strong directional bias.
  • The current market trend for ENA shows signs of consolidation and support around $0.25-$0.30, with resistance levels at $0.48 and $0.50 to watch for potential recovery.

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