Think Before You Invest – The Real Truth About ENA Coin

If you're thinking about trading ENA coin, don’t skip this post. I’m sharing a key tip that can help you evaluate any coin before investing long-term or during a bull run.$ENA

ENA has gained a lot of attention recently, and many people are jumping into it. But the reality is, a lot of traders got stuck when the price was around $1 or even higher. Right now, it’s trading near $0.2944 and could potentially drop further to around the $0.27 range. On the daily time frame, a key discount zone appears near $0.20. It's not guaranteed it will go that low, but the chart suggests it’s a possibility.

Now let’s talk fundamentals – why I’m personally cautious about$ENA

At the current price of $0.2944, $ENA

market cap is around $1.63 billion. For the price to 5x, the market cap would need to jump to over $8.15 billion — not an easy target in current market conditions. On the day of the recent drop, the market cap decreased only 5.60%, but trading volume jumped by 37.68%. That means people are still actively trading it, and since the price isn’t climbing, it shows more are likely selling than buying — which adds downward pressure.

Another big concern is the supply. The total supply is 15 billion coins, but only 5.55 billion are in circulation so far. The team is releasing around 171 million new coins every month. That’s a huge increase in supply, which dilutes value and makes price growth even harder.

Social Media Hype vs Reality

There’s a lot of hype around ENA on social media right now. Influencers are promoting it heavily, but no one really knows why. Sure, in an altcoin season even weak coins can pump — but if you're expecting 10x returns from ENA, it's better to manage your expectations.

If you're still planning to trade it, I’ve attached a chart below. The red line marks the first buying zone, the green line is the second entry, and the white lines show short-term price targets.

Disclaimer: I’m not a financial advisor. I don’t run any paid groups or communities. I only share my personal spot trades here. You’re free to follow me for signals, and you can check my profile to judge the quality of my past trades.

Don't ignore this analysis — take smart decisions and protect your capital.