a technical analysis of the Ethena (ENA) cryptocurrency:

- Price prediction for 2024 - 2031:

- According to the latest forecasts, the price of#Ethenacould vary in the following range:

- Minimum price: $0.01

- Average price: $1.14

- Maximum price: $10.00

- Traders use various technical indicators to predict price trajectory. Among them :

- Support and resistance levels: They help evaluate market supply and demand.

- **Graphical Patterns**: Trend lines help anticipate future movements.

- **RSI (Relative Strength Index)**: Currently, the RSI of $ENA over a one-week period is **bearish** (0), indicating an unfavorable situation.

- **Moving averages**: They provide information on price action.

- **Launch of the ENA token**:

- Ethena Labs, the DeFi protocol that offers USDe, has launched its new governance token **ENA**.

- USDe holders can claim their share of the airdrop of **750 million ENA tokens** (5% of total supply).

- After the airdrop begins, ENA trades at around **64 cents**, with a market cap of almost **$500 million**².

Keep in mind that investing in cryptocurrencies carries risks, and it is essential to do your own research before making any investment decisions. 🚀