Key takeaways What sparked the recent squeeze on Ethena’s ENA token? The drop of Ethena stablecoin USDe to $0.65 amid a market-wide altcoin crash triggered bearish sentiment and investor withdrawals. What price levels are critical for the ENA’s next action? ENA needs to reclaim the $0.31-$0.38 support zone to target $0.85, or risk falling towards … Continue reading Ethena – Why the deindexation of the USDe from the ENA reflects the fears of Terra UST