Ethena: Sellers dominate as downward signals deepen 7.08% loss

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Ethena drops 7.08% to $0.1194 today

Highlights

ENA is trading below its MA-20 ($0.1359), MA-50 ($0.1834), and MA-200 ($0.4080), indicating persistent selling pressure across all timeframes.
Momentum remains strongly bearish, with both MACD and ADX projecting downward strength, while the RSI on D1 is at 38.8 and leans oversold.
Expected range for the next five trading days is $0.1080–$0.1270, with a probability of an upward move below 20% and further downside likely.

Bearish momentum intensifies as price consolidates near session low

Momentum signals remain strongly bearish, with the MACD and ADX both projecting downward strength. The RSI on D1 sits at 38.8 and leans oversold, while Stochastic RSI confirms an overbought condition — highlighting a divergence, as CCI reads neutral. Bull/Bear Power is near zero but forecasts a strong buy, indicating slight buyer activity, which is inconsistent with broader momentum. The session saw no gap between the previous close and today’s open. Price is now pinned near today’s low ($0.1192 – $0.1310), reflecting high intraday volatility. The asset has dropped 7.08%, with sustained selling pressure dominating after the open, as weak momentum reinforces the downward tone.

Downward bias persists as narrow range reflects elevated downside risk

For the coming five trading days, the typical volatility band is $0.1080 to $0.1270, centered around the current level to reflect recent price swings. The probability of an upward move is very low (less than 20%), making further downside more likely. In the baseline scenario, ENA moves sideways between $0.1080 and $0.1270, while a bullish break above $0.1270 could prompt a move toward short-term resistance. In a bearish scenario, a break below $0.1080 risks a quick retest of new lows around $0.1050.

Anton Kharitonov, expert at Traders Union, sees Ethena (ENA) locked in a strong downtrend, with technical signals signaling further weakness. He believes the persistent pressure from sellers and lack of supporting news keep the outlook defensive for now. The analyst expects price to stay range-bound between $0.1080 and $0.1270, with little chance of a bullish reversal until resistance is cleared. "I remain cautious — unless ENA breaks above $0.1270, any rally attempt looks fragile and short-lived."

Previously it was reported that Ethena remains under sustained selling pressure, trading below key short-, medium-, and long-term moving averages, with weak momentum indicators such as the MACD, ADX, and oscillators confirming a dominant downtrend and lack of oversold exhaustion. Resistance persists at the Ichimoku Kijun and volatility bands suggest price action is likely to remain sideways to lower without a significant bullish catalyst.

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.