Key Takeaways
- Ethena (ENA) dropped 7% to $0.3628, trading below all major moving averages — signaling strong bearish control.
- Momentum indicators (RSI 36.5, Stoch RSI 0, CCI deeply oversold) confirm intense selling pressure and weak buyer interest.
- Next week’s range is projected between $0.3521 and $0.3779, with less than a 20% chance of a rebound.
Ethena Faces Persistent Weakness Below Key Moving Averages
Ethena (ENA) continues to struggle under mounting selling pressure, falling 7% today to $0.3628. The token trades significantly below its 20-day ($0.4470), 50-day ($0.5398), and 200-day ($0.4698) moving averages — a clear sign that short-, medium-, and long-term momentum remains bearish.
The nearest dynamic resistance sits at the Ichimoku Kijun line around $0.3712, a level that may cap any short-term recovery attempts. This technical setup confirms that bears maintain control across all time frames.
Momentum Indicators Flash Deeply Oversold Signals
Multiple technical indicators paint a stark picture. The MACD and ADX both show active selling, while oscillators — RSI (36.5), Stoch RSI (0), and CCI — all confirm that Ethena is deeply oversold. The Awesome Oscillator and BBP readings further validate the downside bias.
Also Read: How to Read a Crypto Price Chart
Today’s trading session saw ENA hit near its daily low in a high-volatility environment, underscoring consistent downward pressure from the open. With every intraday signal aligned to the downside, the probability of a bullish reversal remains remote.
Downside Risks Dominate as Recovery Odds Shrink
For the coming week, Ethena’s expected trading range lies between $0.3521 and $0.3779. Analysts estimate less than a 20% probability of an upside move, suggesting that sellers are likely to retain control. A breakdown below $0.3521 could accelerate losses, while any rebound above $0.3712 may offer only temporary relief.
Also Read: Ethena ENA: Mellow Finance’s $4.48M Bet & Recovery Potential
Traders Union expert Viktoras Karapetjanc notes that “the market remains under strong downside momentum with minimal potential for reversal unless key resistance levels are reclaimed.” He adds that a sustained move above $0.3712 could signal the first step toward stabilization, though the broader trend remains bearish for now.
Conclusion
Ethena’s latest decline cements its bearish outlook as all key technical indicators align against it. With sellers dominating across all time frames and no supportive news flow, ENA remains vulnerable to further losses. Only a decisive move above $0.3712 could signal the early stages of a recovery.
