#ENA fell from $0.26 to around $0.21, down 6.57% in 24 hours, while also losing the 20-day EMA, signaling a clear weakening in short-term momentum.
Fund flows are also under pressure: DeFiLlama shows net outflows of about $104 million on October 8. An X user also claimed that the #ethena team may have transferred and sold around $3.45 million worth of ENA on OKX, though the details have yet to be confirmed.
Technically, holding above $0.20 could lead to a rebound to $0.25; a break below would put $0.19 in focus.
The short-term outlook is weak, with $0.20 as a key level.
Fund flows are also under pressure: DeFiLlama shows net outflows of about $104 million on October 8. An X user also claimed that the #ethena team may have transferred and sold around $3.45 million worth of ENA on OKX, though the details have yet to be confirmed.
Technically, holding above $0.20 could lead to a rebound to $0.25; a break below would put $0.19 in focus.
The short-term outlook is weak, with $0.20 as a key level.