Renowned crypto analyst il Capo of Crypto recently made bullish predictions regarding Ethena (ENA), proclaiming its price would rebound above $0.4 in the coming weeks. However, the token’s value has witnessed a dramatic decline since then, plunging to around $0.28 – a 27% loss in just a month. Il Capo, despite acknowledging these losses, remains positive about ENA as a medium-term investment, planning to hold it through until August-September. However, he admits his plan may change. This comes as il Capo acknowledged receiving numerous inquiries regarding the price drop, stating that he anticipates a potential jump in price to between $0.50 and $0.55 before an inevitable bearish trend reversal.