Ethena Price Stuck at $0.093 Amid Weak Demand and Lower Trading Volume
The price of Ethena (ENA) has been stuck in a narrow trading range between $0.090 and $0.093 since it lost upside momentum at $0.093.
At press time, ENA traded near $0.093, up 1.33% daily, but with a 15% drop in trading volume indicating lower market activity.
An Amber Group-linked wallet bought 38.89 million ENA for $3.58 million, which some might see as a bullish sign, but the broader demand recovery remains uncertain.