Ethena (ENA) was trading at $0.5626 with a 24-hour trading volume of $131,042,243. The token has dropped 3% in the past day and is down 14% over the last week. The recent move places ENA below the $0.61 support level, which has now turned into a resistance zone. Market watchers are monitoring the $0.50 mark as the next possible downside target if bearish pressure continues.