ENA Rally Fades as Negative Funding Rates Point to Further Losses

Ethena’s ENA token has shed 3% in the past 24 hours, mirroring the broader crypto market’s decline as bearish sentiment gains momentum. The drop comes just a few days after the token posted strong gains, with traders now gearing for a potential reversal that could erase all of its recent rally. ENA Slumps as Sellers Seize Momentum Readings from the ENA/USD one-day chart confirm the bearish tilt in market sentiment. For example, the token’s Balance of Power (BoP) has turned negative, signaling that selling pressure outweighs buying interest source: https://beincrypto.com/ena-price-falls-more-declines-ahead/