#ethena #ENA
📉 Ethena ($ENA ): Is the bottom near or will the decline continue?
After a deep correction of 93% from its all-time high, ENA has found itself at a critical point. While most are panicking, technical indicators hint that the active selling phase may be coming to an end.
🔍 Key analysis theses:
• VC vs Retail: A unique situation in the market. Private sales were held at $0.40, and now retail investors can buy the asset at $0.13. For the first time, retail has a better entry point than venture capitalists.
• Global channel: The price has been moving within the descending channel since 2024 and is now testing its lower boundary - the zone of high demand.
• Support levels: If the current price does not hold, the next stop is the accumulation zone in the range of $0.06 - $0.08.
🚀 Where can the price go?
1. Recovery scenario: The first serious targets for the rebound are at $0.50 and $1.26.
2. Optimistic forecast: If the market stabilizes and interest in the ecosystem grows, the long-term target could reach $3.00.
3. Conservative view: Short-term forecasts (e.g. from CoinCodex) remain cautious, indicating a possible decline to $0.10 within a month.
