Is Ethena Oversold or Broken? Analysts Warn of More Pain Ahead
Key Takeaways Ethena Faces Persistent Weakness Below Key Moving Averages Ethena (ENA) continues to struggle under mounting selling pressure, falling 7% today to $0.3628. The token trades significantly below its 20-day ($0.4470), 50-day ($0.5398), and 200-day ($0.4698) moving averages — a clear sign that short-, medium-, and long-term momentum remains bearish. The nearest dynamic resistance…