Many people are asking whether to buy ENA. You can refer to the following points

1. Market pricing: Observe the current price of ENA and the ratio to its market value to determine whether it is overvalued or undervalued. The current market value of $9 billion may be too high, with greater risks and less profit margins.

2. Project potential: Evaluate the potential and prospects of the ENA project, including factors such as the technology, team, application scenarios, and market demand behind it. If you think the project has long-term development potential and the current price is reasonable compared to its value, then it may be worth considering.

3. Risk management: Consider your own investment risk tolerance and do not invest all your funds in high-risk projects. It is recommended to diversify your investment and control the investment ratio of a single project to reduce risks.

4. Technical analysis: Perform technical analysis on price trends to observe whether there are obvious buy or sell signals.

Many well-known sources claim that it will fall further, that is, below $0.930! In the worst bearish case, it will fall below $0.810, and the current price is considered a good entry point! I suggest you to limit some of your funds below 0.945 and hold your funds, waiting for it to fall further!

Why is the current price considered a good entry point?

With the massive bull run and growing investor confidence, the market has become an incubator for such new tokens. The continued reversal heralds the arrival of a bull run, which may surpass the peak of $1.31 and test the psychological barrier of $1.50.

However, at the Fibonacci level, a breakout rally may reach the 1.618% level of $1.76. Therefore, optimistically speaking, Ethena token shows the potential to reach the $2 mark.

Taking these factors into consideration, you can make a better decision if and when to get started with ENA. Remember, investing in cryptocurrencies is highly risky, always proceed with caution, do sufficient research and risk assessment#Meme #WIF #SHIB #BTC