If you're thinking about trading ENA coin, don’t skip this post. I'm going to share a key insight that can help you evaluate not just ENA, but any coin before you invest—especially for long-term holding or during a bull run
ENA is one of the more well-known coins, and it’s caught the attention of a lot of traders. But here’s the hard truth: many people got trapped when ENA was trading around $1 or higher. Right now, it's sitting near $0.2944, and from what I’m seeing on the charts, it could still drop further—possibly down to the $0.27 zone. If we zoom out to the daily time frame, there's a visible discount zone around $0.20. Whether it reaches that or not is uncertain, but it's clearly a level to watch.
Why I’m Bearish on ENA (Fundamentals Breakdown)
Market Cap:Cap: ENA’s market cap currently sits at $1.63 billion at the $0.2944 level.
For the price to 5x, the market cap would need to hit $8.15 billion—a huge leap that feels unrealistic under current conditions.
Volume vs Price:In the most recent market dip, ENA’s market cap only dropped by 5.60%, but trading volume shot up by 37.68%. That tells me people are still actively trading the coin—but not necessarily buying. More selling pressure usually means further downside.
Supply Problem:
The total supply of ENA is 15 billion, while only 5.55 billion are currently in circulation. Each month, the team is releasing roughly 171 million coins. This constant increase in supply means the market cap is being spread thinner and thinner—making it harder for the price to climb.
What About the Hype?
Let’s be honest—there’s a lot of noise on social media about ENA. Influencers are pushing it hard, but without real backing. Sure, during an altcoin season, even low-utility coins can pump. But if you’re expecting a 10x from ENA, that’s wishful thinking. It’s not impossible, but based on what I see, it’s highly unlikely.
Technical Analysis Zone (See Chart Below)
Final Thoughts
I'm not your financial advisor, and I’m not responsible for any profits or losses. I don't run a paid group or channel. I just share my personal trades here. I only trade on spot—no futures, no leverage. If you like my insights, feel free to follow me for more free signals. Check my profile to see how my past signals have performed.
Don’t skip any part of this post—make your decisions wisely. And if you want me to analyze any other coin, just drop it in the comments or DM me.
