Ethena Price Rises 17%, But Here’s Why ENA May Fail Breakout | Airdrop Alert Pro

Ena (ENA) has recently experienced a 17% price increase after a challenging start to this year. However, this is after a huge loss that began in early 2025, which has been exacerbated by the massive token unlocking incidents over the past 48 hours.

Despite some positive movements in the exercise, ENA still faces major obstacles in ensuring ongoing breakthroughs.

Ethena faces bearish activity

Market sentiment around Ethena is an increase in sales activity, especially on the days before the tokens are unlocked on March 5. Within 24 hours before the event, approximately 149 million ENA tokens were sold, worth approximately $60 million.

This is the expectation of hope that the expectation concerns the $833 million worth of tokens will flood the market, affecting the supply and demand balance and driving prices down.

Token unlocking events often lead to a price drop as the influx of new tokens dilute the existing token value. This dynamic shocked many investors, especially those who held it A large amount of ENAresulting in a sharp increase in the balance of communication. Many people choose to sell to prevent further losses, which further creates pressure on price declines.

Ethena’s overall momentum Long-term holders (LTHS) actions are also negatively affected. The average coin age (MCA) indicator showed significant coolness. This suggests that LTHS began liquidating its positions even before the broader market responded.

LTH is considered the backbone of any cryptocurrency. Therefore, their sales behavior is often a sign of a weak sentiment towards the asset.

The decline in MCA reflects the loss of confidence among these long-term holders, increasing pressure on Ethena prices. When LTH exits the position, it usually indicates that the wider market is reluctant to hold it, which can lower prices over the long term.

ENA prices may face some challenges

When writing, Price of ethena Price is $0.404, just below the resistance level of $0.434. Despite a 17% increase, the move is not enough to reverse the broader downward trend. To lift ENA out of its current market conditions, it needs to violate the $0.434 barrier and decisively maintain higher levels.

If bearish sentiment persists and the above factors worsen, Ethena may drop to the support level of $0.326. If this support fails, there is further downside risk, and the price may be as low as $0.259, confirming the bearish outlook.

But if the investor’s sentiment changes and there is a consistent effort Accumulated ENA At these lower prices, breakthroughs may occur. Success violated the $0.434 success, which was then flipped into support, putting the ENA on the trajectory of $0.602. This situation will invalidate bearish papers and provide a way for long-term recovery.