🚨 #Ethena $ENA Nosedives 7%

Will It Crash Below $0.50 ❓

#Ethena (ENA) is facing strong bearish pressure, currently hovering near $0.56 after shedding 7.76% in the last 24 hours. The crypto market slump has triggered $7.31M in ENA liquidations, with daily volume down nearly 12%.

🔻 Key Stats:

• Current Price: $0.5622

• 24h Low: $0.5554

• Daily Volume: $933.1M

• RSI: 40.15 (Bearish)

• BBP: -0.0406 (Bears in control)

• CMF: -0.10 (Selling pressure)

🧠 Technical Snapshot:

• TD Sequential flashes a buy signal on 4H chart at support zone.

• A close above $0.578 may trigger bullish recovery.

• MACD hovering at zero line — trend shift possible.

• Support Levels: $0.5616 → $0.5609

• Resistance: $0.5628 → $0.5635

📊 Outlook:

If ENA fails to hold the current level, it risks breaking below $0.56, potentially free-falling toward $0.50 territory. However, if bulls reclaim control above $0.578, a short-term bounce is likely.

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