$ENA 😱 ENA drops by 7% in a day: Time to buy or wait for the bottom? 🚨

Ethena ($ENA ) is experiencing turbulence: current price $0.7898, drop in 24 hours -7%. 📉 ENA, the synthetic dollar protocol token on Ethereum, remains in the spotlight thanks to USDe with a record capitalization of $8.73 billion. But what’s next?

Analysis: On the daily chart, ENA is testing support at $0.78. RSI (55) is in the neutral zone, but negative funding rates (-0.0157) and MACD indicate a bearish sentiment. Key support levels: $0.69 and $0.57, resistance — $0.86. If ENA holds $0.78, a rebound to $0.90 is possible in the next 1-2 weeks. Long-term: growth of USDe and DeFi integrations could lift the price to $1.2 by the end of 2025, but volatility remains.

Forecast: Short-term risk of falling $ENA to $0.69 persists, but market recovery could restore bullish momentum. DYOR before investing!

💬 Will we break $1 or fall below $0.7? Share your thoughts in the comments! Subscribe to not miss fresh analysis and insights! 📡 #ENA #Binance #Crypto #Trading #Altcoins