This article examines the latest changes in the cryptocurrency Ethena (ENA), including prices, liquidations, and forecasts for future movements.
General Data on Ethena
Currently, Ethena is trading around $0.38, with a market cap of $2.21 billion. According to Coinglass, there have been $1.63 million in liquidations on the market.
Price Comparison and Liquidations
Market cap has decreased by 1.51% to $3.28 trillion. Bitcoin is trading at $103.4K, and Ethereum hovers around $2.4K. Ethena has also shown a slight decline of 0.10%.
Future Trends for Ethena
The ongoing downside correction could lead to a price drop to the support level at $0.3825. However, a potential bullish reversal may push the price to the resistance level at $0.39. Indicators show a prevailing bearish sentiment.
In conclusion, Ethena (ENA) continues to exhibit volatility with current price fluctuations, and the future trading direction will depend on further market conditions.
