$ENA (Ethena) is trading weakly near ~$0.20 after a sharp ~22 % weekly drop and retest of all-time lows, signaling bearish technical pressure and increased sell-side risk.  Short-term sentiment is cautious, with key support around the $0.20–$0.25 zone.  On-chain metrics show whale accumulation and occasional brief rebounds, but macro liquidity and token unlock pressure remain headwinds.  Critical levels to watch: reclaiming $0.25 for bullish momentum or a break below $0.20 that could extend downside.  Always DYOR as volatility and market structure evolve rapidly.#WriteToEarnUpgrade

ENA

0.211

+3.22%