-8.8% for Ethena — bearish momentum persists with volatility and no recovery in sight

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Ethena slides 8.8% to $0.1576 today

Highlights

ENA trades at $0.1576, sharply below MA-20 ($0.2004), MA-50 ($0.2143), and MA-200 ($0.4378), indicating persistent multi-timeframe bearish pressure.
Momentum indicators (MACD, ADX, RSI at 34.93, Stochastic RSI near 39, CCI at -73) all remain negative, with sellers dominating intraday action.
For the coming five sessions, ENA is likely to trade within $0.1450–$0.1760, with sub-$0.1450 downside risk if bearish momentum accelerates.

Oversold readings persist as negative momentum dominates session

Momentum indicators on the daily timeframe remain bearish: MACD is negative and the ADX points to a moderately strong sell bias. RSI sits at 34.93, Stochastic RSI is near 39, and CCI is at -73, all indicating the token is approaching oversold territory but without convincing signs of reversal. The Bull/Bear Power shows intraday selling dominance, while the Awesome Oscillator trends neutral and does not counteract widespread negative momentum signals. ENA is trading very close to the daily low of $0.1544 amid heightened volatility, reinforcing persistent downside pressure throughout the session.

Limited rebound odds as volatility and downside risks prevail

In the next five sessions, assuming typical volatility, ENA is expected to remain within a $0.1450 to $0.1760 band relative to current levels. The probability of recovery above this range is low, with less than a 20% chance for a decisive upward move. Sideways price action is the base case, while a break above $0.1760 would be required to shift toward the next resistance at $0.2113. If bearish momentum accelerates, ENA may slip under $0.1450, potentially establishing a new local low.

Anton Kharitonov, expert at Traders Union, sees a firmly bearish setup for Ethena (ENA). Price is trading well below all major moving averages and lacks strong support nearby. Downside momentum dominates, and recovery odds above $0.1760 appear slim in the short term. As Kharitonov notes, "Unless ENA reclaims $0.1760, downside risk persists and defensive positioning is warranted."

Last time, analysts noted that Ethena is experiencing persistent downward momentum, with the price trading well below key moving averages and multiple indicators—including RSI MACD and the Awesome Oscillator—confirming oversold, bearish conditions. The asset faces resistance at the Ichimoku Kijun and lacks notable support below its current level, with further downside risk likely unless a breakout above dynamic resistance occurs.

Source of Data: ENA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.