$ENA at $0.145. Down ~4% today, down ~19.5% this week, and about 90% below its $1.52 ATH. 😅
The funny part? Ethena's USDe synthetic dollar holds its $1 peg perfectly — while its own governance token keeps sliding.
Support $0.1426, resistance $0.157. BTC is holding ~$74,100, so this is an ENA bleed, not a market-wide panic. A bounce needs a reclaim of $0.157 first.
Verdict: oversold bounce watch, but no bottom confirmed yet.
Not financial advice. DYOR.
#Ethena #Crypto #Altcoins
The funny part? Ethena's USDe synthetic dollar holds its $1 peg perfectly — while its own governance token keeps sliding.
Support $0.1426, resistance $0.157. BTC is holding ~$74,100, so this is an ENA bleed, not a market-wide panic. A bounce needs a reclaim of $0.157 first.
Verdict: oversold bounce watch, but no bottom confirmed yet.
Not financial advice. DYOR.
#Ethena #Crypto #Altcoins