🚨 ENA at Make-or-Break Zone! 🚀 Will Bulls Defend $0.66?
Ethena’s governance token ENA/USDT is showing signs of pressure as price hovers near $0.67, holding just above key support at the 50-day EMA ($0.666).
📉 7-Day Performance: Down ~10%
🔑 Support Zone: $0.66 – $0.67
🚀 Resistance Ahead: $0.70, then $0.75+
💡 Governance power + USDe synthetic stablecoin model remain long-term strengths, but dilution and bearish momentum are key risks.
👉 Traders are watching closely: Bounce incoming, or breakdown ahead?
DYOR No Financial advice!