Our Summary:Ethena [ENA] faced significant selling pressure after a $3.45M team sale, which pushed the altcoin below its 20-day EMA, indicating weaker short-term momentum. Outflows reached July levels, with net capital withdrawals totaling -$104.08M, further weakening confidence in the project. The price drop, combined with declining RSI and bearish momentum, suggests a potential test of the $0.20 support level.

Our Summary:Standard Chartered has set a bold price target for Ethena's ENA token, predicting it will reach $1.10 by the end of 2027. The bank's forecast is based on its synthetic dollar strategy, USDe, which aims to generate yield while taking offsetting positions in perpetual futures. The target relies on USDe supply exceeding $7.5 billion, triggering a 95% buyback of ENA.