$ENA

๐Ÿš€ Ethena Fights $0.65 Support as Revenue Rises to $500M As Outflows Increase ๐Ÿ“‰๐Ÿ’ฐ

Ethena (ENA) is in a crucial test with its price oscillating near the $0.65 support. As exchange outflows increaseโ€”a leading indicator that investors might be moving assets off exchanges into private walletsโ€”market sentiment is divided. On the one hand, revenue reaching $500M indicates good project fundamentals, but on the other hand, the recurring selling pressure is casting doubt whether ENA can maintain its support.

Technical data indicates $0.65 as the prime support, with resistance at $0.72 and a possible downside risk to $0.60 in case support fails. Relative Strength Index (RSI) at 48 indicates a neutral region, while 24-hour volume trading spiked 12%, indicating increasing market activity. Traders are keeping an eye on this level as a make-or-break point for ENA's short-term path. ๐Ÿ“Š๐Ÿ”ฅ.