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Ethena (ENA) Pressured Bearish, Is Recovery Still Possible? Here's the Analyst's Explanation!
has dropped by 6.5%, while trading volume has nearly halved. Despite some buying activity on February 3, the decrease in volume indicates a lack of market confidence in short-term recovery.
In addition, selling pressure on ENA is expected to increase in the coming months due to the schedule for token (token unlock) which will add supply to the market. Currently, about 8% of the total ENA supply is still locked, which could be a negative sentiment for investors in the short term.#Which AI Concept Coins Do You Hold?