Analyst Warns of Potential Sell Signal for Ethena (ENA), but Whales Indicate Long-Term Optimism

Popular market analyst Ali flagged the TD Sequential indicator’s recent sell signal for Ethena (ENA), predicting a potential drop toward $0.72 and even $0.68 if it breaks below the $0.78 level. While this signals a bearish shift in short-term price action, experts caution that this could be an oversimplification of the situation. Ali emphasizes the significance of the $0.78 support level as a crucial turning point for ENA’s short-term price action.