According to crypto analyst Ali Martinez, the native token of the synthetic dollar protocol Ethena (ENA) is facing bearish pressure and may experience a major price crash if it fails to reclaim a crucial price level. Martinez points out that ENA has broken out of a parallel channel, indicating potential downward momentum. Traders should wait for confirmation, but ENA is at risk of a price correction to $0.69 or even $0.57. Currently trading at $0.8201, ENA has seen significant losses in the past week and month. Technical indicators, such as the RSI and MACD, also suggest a bearish trend for ENA. Readers are advised to exercise caution and not consider this article as financial advice.



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