Bearish momentum deepens as Ethena slides 7.16%

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Ethena slides 7.16% to $0.1205 today

Highlights

ENA is trading at $0.1205, well below its MA-20 ($0.1334), MA-50 ($0.1815), and MA-200 ($0.4055), confirming dominant bearish sentiment across all timeframes.
Momentum indicators, including MACD and ADX on both daily and weekly intervals, remain negative while the RSI is at 35.6, pointing to persistent downward pressure with mixed oscillator signals.
Expected five-day trading range is $0.1100–$0.1250; a breakout above the Ichimoku Kijun at $0.1425 would signal bullish potential, while a breakdown below $0.1198 could accelerate declines.

Mixed oscillator signals as persistent selling pressure dominates intraday

Momentum signals remain negative, with both the MACD and ADX on D1 and W1 indicating persistent downward pressure. The RSI on D1 is in a selling zone at 35.6, while the Stochastic RSI indicates an overbought state and the CCI is neutral, highlighting a divergence among oscillators. Bull/Bear Power is marginally positive on D1 but sees mixed readings across intraday timeframes. The Awesome Oscillator is neutral, not reinforcing the prevailing trend. The price dropped 7.16% today, opening at $0.1216 without a notable gap from the previous close of $0.1298, and is currently trading near the low of today’s $0.1198 – $0.1223 range. Intraday volatility has been low, with clear downside pressure evident after the open, even as momentum signals are mixed.

Downside risk prevails as technical signals deter bullish reversal

For the next five trading days, the expected price range is adjusted to $0.1100 – $0.1250 to reflect the typical volatility band relative to current levels. Technical signals show a very low probability (less than 20%) of a sustained price increase, making further declines more likely. The baseline scenario is for price stabilization within this narrow band. An upward move would require a breakout above the Ichimoku Kijun at $0.1425 to trigger a bullish shift, while a confirmed drop below $0.1198 could accelerate a bearish scenario and deepen declines.

Anton Kharitonov, expert at Traders Union, believes the technical picture for Ethena (ENA) is clearly negative across all timeframes. He sees strong resistance at $0.1425 and no dynamic support, with momentum signals mixed but generally bearish. The analyst remains cautious as price volatility is low and the probability of a sustained rebound is estimated below 20%. "Until ENA breaks above the Ichimoku Kijun at $0.1425, I expect further weakness and view any upside as unreliable."

Last time, analysts noted that Ethena is consolidating near session lows and remains under persistent pressure, trading below key short-, medium-, and long-term moving averages with bearish signals from both MACD and ADX. Although RSI suggests slight oversold conditions, the overall momentum and technical structure point to continued downside risk, with resistance overhead and narrow volatility bands indicating limited prospects for an immediate rebound.

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.