Ethena (ENA) experienced a 12.82% price drop on April 2, falling from $0.0905 to $0.0789, though it later recovered slightly above $0.08. Despite some accumulation signals from holders, on-chain data shows weak network activity and very low profitability for holders, with most investors underwater. The long-term trend remains bearish, and any price rebounds may face strong selling pressure as investors seek to cut losses or break even. Caution is advised for value investors as the downtrend may continue, influenced by broader market weakness including Bitcoin's ongoing decline.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
