⚠️ $ENA Death Cross WARNING: Are Whales Setting a Trap? 📉
Look closely at the $ENA chart provided: we've just flirted dangerously close to the $0.54 low and are showing minimal bounce. This long, painful downtrend from $0.83 looks like classic distribution.
Here's the scary part: Technical indicators are screaming "Death Cross" on the daily chart if we can't reclaim $0.60 fast. While Ethena fundamentals are strong (USDe TVL is massive, fee switch rumors persist), the market is clearly prioritizing short-term risk and the upcoming token unlocks.
Whales accumulated billions of ENA tokens over the summer. Are they simply waiting for retail interest to ignite a false rally before they dump? Don't let FOMO blind you. Price action over news!
What do you think is the real bottom for Ethena? Drop your prediction and your reasoning below! 👇