Ethena price prediction: Further decline likely as ENA struggles near resistance

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Ethena rises 9.74% to $0.1059 today

Highlights

ENA remains under persistent downside pressure, trading at $0.1059 below the MA-20 ($0.1121), MA-50 ($0.1500), and MA-200 ($0.3702) levels.
Daily momentum is weak as MACD and ADX show a strong sell-side bias, with RSI and CCI indicating lingering oversold conditions.
For the week, ENA's price is expected between $0.095 and $0.127; a break above $0.1190 resistance or below $0.095 support would signal trend direction.

Seller dominance persists as oversold signals and weak momentum align

Momentum on the daily timeframe is weak as both the MACD and ADX show a sell-side bias, with the RSI and CCI reflecting lingering oversold conditions. The Ichimoku Kijun level at $0.1190 acts as immediate resistance above the current price. While the Stochastic RSI is neutral, Bull/Bear Power suggests sellers retain the upper hand, consistent with the broader negative momentum picture.

Bearish bias prevails amid low probability for sustained upside

For the coming week, ENA is expected to trade within a $0.095 to $0.127 volatility band relative to current levels. Probability suggests a sustained price increase is unlikely (less than 20%), with further downside favored unless the $0.1190 resistance is broken. In the baseline scenario, the asset is likely to consolidate sideways, while a move below $0.095 would confirm a bearish breakdown.

Viktoras Karapetjanc, expert at Traders Union, sees ENA locked below key averages with sellers retaining control. Momentum remains negative, and current sentiment offers no trigger for a sharp reversal. Karapetjanc expects price action to stay capped by resistance at $0.1190 and views any sustained upside as unlikely in the immediate term. "While the short-term picture favors consolidation or further weakness, I remain constructive longer term if macro conditions improve and $0.1190 is reclaimed for confirmation."

Previously it was reported that Ethena (ENA) continues to trade under sustained bearish momentum, with the current price positioned below all major moving averages and momentum indicators such as MACD and ADX confirming strong downside pressure. Despite oversold signals from RSI and CCI, resistance is established near $0.1195 while the asset consolidates near key support, making further downside likely unless a decisive breakout above immediate 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.