Looking at the current structure of Ethena ($ENA), some traders are anticipating a potential rejection around the $0.198 to $0.200 resistance zone. If this bearish setup plays out, we might see a move down towards $0.190 or lower. However, with the current market volatility, keeping a strict invalidation point (Stop Loss) at $0.2126 is highly recommended. Always back this up with your own technical analysis before taking any entry.
$ENA