- Athena (ENA) broke out of the parallel channel service line.
- Analyst Ali Martinez mentioned ENA must get better $0.86 and switch it into assist.
- Failure to recapture $0.86 might put ENA susceptible to a drop to $0.69 or $0.57.
ENA, the native token of the Ethena artificial greenback protocol, is dealing with important bearish strain regardless of an total recovering market, based on crypto analyst Ali Martinez. He warns that if ENA fails to get better an important worth stage, there might be a giant worth drop.
In a put up on X (previously Twitter), Martinez highlighted that the ENA token has dropped out of the parallel channel. As proven within the determine under, the higher trendline acted as resistance and the decrease trendline offered assist. This bearish breakout signifies a possible draw back momentum for the ENA.
Merchants ought to look forward to affirmation because the leak could also be pretend. Nonetheless, ENA stays susceptible to a worth correction to $0.69 and even $0.57. To keep away from this, ENA must get better the $0.86 assist stage and goal $1.
ENA is at present buying and selling at $0.8201, up 1.68% within the final 24 hours. Its market capitalization is $2.48 billion, which ranks it forty seventh…
The put up ENA Value Prediction: Bearish Breakout Factors to $0.57 Danger appeared first on Coin Version.
