-12% for Ethena — price slides below key moving averages amid persistent sellers

Traders Union
All News
Crypto News
Ethena slides 12% to $0.1151

Highlights

ENA trades at $0.1151, sharply below MA-20 ($0.1648), MA-50 ($0.1987), and MA-200 ($0.4278), confirming persistent bearish pressure across all timeframes.
Momentum remains strongly bearish with both MACD and ADX signaling downside strength, while all major oscillators show pronounced oversold conditions and sustained seller dominance.
For the next 5 trading days, ENA is expected to consolidate in a $0.0990–$0.1290 range, with sub-20% probability of a rebound unless $0.1834 resistance is reclaimed.

Bearish momentum persists as resistance holds and oversold signals deepen

Technical signals confirm the bearish trend, with the nearest resistance at the Ichimoku Kijun ($0.1834) standing well above current levels and no immediate support from major moving averages. Momentum indicators (MACD, ADX) remain negative, suggesting further downside strength. Key oscillators (RSI, Stochastic RSI, CCI) all display pronounced oversold conditions, while Bull/Bear Power is negative, highlighting sustained seller control throughout the session.

Price range capped as rebound odds remain limited

Over the next five trading days, ENA is expected to stay within a typical volatility band of $0.0990–$0.1290 relative to current levels. A sustained rebound is unlikely, with less than a 20% probability; sideways consolidation near present prices is the base case. A break above $0.1834 would be needed for a bullish scenario, while a fall below $0.0990 could trigger a further decline before possible stabilization.

Viktoras Karapetjanc, expert at Traders Union, believes ENA faces sustained bearish sentiment, underlined by persistent selling pressure and negative momentum signals. He notes that the lack of supportive news or macro catalysts keeps confidence low in the near term. Optimism is limited, but the analyst sees a chance for stabilization if price consolidates within the current range. Karapetjanc remains constructive, yet patient about any significant reversal. "With bears in control, I want to see evidence of a durable base above $0.0990 before expecting a positive breakout."

Previously it was reported that Ethena is exhibiting pronounced bearish momentum, trading well below all major moving averages with oversold readings on RSI and reinforcing downside signals from MACD, ADX, and additional momentum indicators. The price remains capped by nearby dynamic resistance and lacks significant support, favoring continued pressure or further declines within a narrow volatility band unless a strong recovery emerges.

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.