ENA Value Prediction: Bearish Breakout Factors to $0.57 Danger

• Ethena (ENA) has damaged out from the help line of a parallel channel.
• Analyst Ali Martinez mentioned that ENA must reclaim $0.86 and switch it into help.
• A failure to reclaim $0.86 may put ENA on the danger of dropping to $0.69 or $0.57.

ENA, the native token of the artificial greenback protocol Ethena, is dealing with important bearish strain regardless of an total recovering market, in response to crypto analyst Ali Martinez. He warns that if ENA fails to reclaim a vital value stage, a significant value crash may happen.

In a publish on X (previously Twitter), Martinez highlighted that the ENA token has damaged out of a parallel channel. As proven within the picture under, the higher trendline acted as resistance, and the decrease trendline supplied help. This bearish breakout suggests potential downward momentum for ENA.

Merchants ought to look forward to affirmation, because the breakout may very well be a fakeout. Nonetheless, ENA stays prone to a value correction to $0.69 and even $0.57. To keep away from this, ENA must reclaim the $0.86 help stage and goal $1.

Presently, ENA is buying and selling at $0.8201, up 1.68% previously 24 hours. Its market cap sits at $2.48 billion, rating it because the Forty seventh-lar…

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