ENA
Before the recent price drop, Ethena was focused on reaching its all-time high and steadily approaching $2. The current price is $0.566, close to the key support level near $1. Ethena is expected to consolidate sideways until it breaks through the $1.4 price barrier.
Currently, Ethena's short-term moving average is bullish. However, due to limited data, it is challenging to evaluate its long-term moving average, so it is difficult to judge the strength of its trend. Meanwhile, the bearish MACD reading suggests that the token is temporarily correcting.
A key factor that may affect ENA's performance in the coming weeks is its increasing integration with exchanges. This integration is expected to improve the liquidity of the token and may push it to its highest value.
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