⚠️ Price Alert: $0.53 and Slipping!
Ethena ($ENA )
is under fire — and the market is watching closely. After recently surging to nearly $0.70, $ENA is now trading at $0.53, reeling from a sudden and sharp sell-off that wiped out millions in market value.
What happened? None other than Arthur Hayes, crypto heavyweight and co-founder of BitMEX, dumped 7.76 million ENA tokens (worth over $4.6 million), triggering an instant 11.6% crash. Is this a warning sign... or a buying opportunity?
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🧨 Pressure Builds: ENA Balancing Between Breakdown & Breakout
📉 If it breaks below $0.47…
The next drop could be brutal — analysts warn that $0.44 is the final safety net. Below that? ENA could nosedive toward $0.35, a 37%+ loss from current levels.
But here’s the twist...
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🚀 Bullish Firepower Waiting to Explode?
Despite the panic, smart money still sees potential in ENA:
✅ $260 million token buyback announced by Ethena Foundation
✅ Launch of USDtb — a new stablecoin backed by U.S. compliant assets
✅ Whale accumulation and exchange withdrawals climbing
✅ Analysts from 99Bitcoins project targets as high as $1.20 to $2.00!
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🔮 What’s Next? Expert Forecasts
Forecast Horizon Price Prediction Sentiment
Short-Term $0.45 – $0.46 Bearish 🟥
If Support Breaks As low as $0.35 High Risk ⚠️
Mid-Term $1.20 – $1.50 (or more) Bullish 🟩
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💡 What Should You Do?
📌 Watch $0.47 support like a hawk. If ENA holds, bulls may reload.
📈 Above $0.55, a breakout to the $0.70 zone could reignite momentum.
🛡️ Consider risk-managed entries only if volume rises with price.
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✊ Final Call: Is ENA a Trap or a Treasure?
ENA is volatile, dangerous, and full of explosive potential. Whether you’re a cautious trader or a bold believer, this is a coin to watch right now.
👉 Will it collapse under pressure? Or rocket back toward $1+ as the buyback kicks in?