ENA Token Down 93% From Peak as Analyst Eyes $3 Target Despite Heavy Drawdown

ENA Token Down 93% From Peak as Analyst Eyes $3 Target Despite Heavy Drawdown

TLDR: ENA trades at $0.130, representing a 67% discount compared to the $0.40 private sale price paid by VCs.  Ethena’s USDe stablecoin reached $5.8 billion market cap, becoming the third-largest stablecoin globally.  Analyst CryptoPatel projects targets of $0.50, $1.26, and bonus $3+ if support zones between $0.06-$0.08 hold.  Protocol faces risks from heavy token unlocks through 2028 and reliance on positive perpetual funding rates.   Ethena’…

Ethena Price Prediction: Where Could ENA Go Next After This Deep Correction?

Key highlights: ENA has retreated significantly and is now trading near its long-term channel support. Selling pressure seems to be subsiding as price finds support near a major demand zone. The next move hinges on whether ENA can hold this area and bounce, or if it needs more time to flush before any recovery attempt. Ethena has quietly drifted into a part of the chart where markets usually start to slow down and think. After months of heavy …