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Cryptocurrency News Articles
Ethena (ENA) Has Been Hit Hard by Recent Market Volatility
Mar 09, 2025 at 07:00 am
The broader crypto market downturn has weighed on Ethena, but despite the turbulence, the token has managed to hold key support levels
Ethena (ENA) has been hit hard by recent market volatility, experiencing a significant decline in value. The broader crypto market downturn has weighed on Ethena, but despite the turbulence, the token has managed to hold key support levels, fueling speculation of an impending recovery.
Currently, Ethena is trading at $0.44, marking a steep 63.3% drop from its recent high of $1.2. However, technical indicators suggest that a bullish reversal could be in play.
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