Ethena price prediction: Will downside continue as ENA tests $0.101 support?

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Ethena drops 9.89% to $0.1021 today

Highlights

ENA remains under persistent selling pressure, trading below key moving averages across all timeframes.
Short-term momentum is decisively bearish, with strong sell signals and no technical indicators suggesting an imminent reversal.
A tight range of $0.092 to $0.112 is expected for the next week, with downside risk if $0.101 support fails.

Seller dominance outweighs localized buying amid weak momentum signals

Short-term momentum for ENA remains heavily bearish, as indicated by a strong sell signal from the MACD and confirmation of a firm downward trend from the ADX. Both the RSI (40.0) and Stochastic RSI are not yet in oversold territory, while the Commodity Channel Index is neutral. The Bull/Bear Power on the daily timeframe provides a buy reading, suggesting some localized buyer activity, but this is outweighed by consistent seller dominance seen across most periods. The Awesome Oscillator is neutral and does not provide further confirmation for the ongoing downtrend. ENA opened at $0.1048 following a previous close of $0.1133, with the current price near the session low of $0.1016 in a tight intraday range up to $0.105. Volatility is low, and selling pressure persists after the weak open.

Downside risk elevated as price remains near recent lows

For the next 5 trading days, the expected price range for ENA has been adjusted to $0.092 to $0.112, reflecting typical volatility around current levels. There is a very high probability (over 80%) that the price will continue to decline, with any rise seen as less likely. In the baseline scenario, the price is expected to move sideways in a narrow band near recent lows. A bullish breakout would require a decisive move above the $0.1126 Ichimoku Kijun resistance, while a loss of support at $0.101 could accelerate a decline toward the lower end of the adjusted range.

Anton Kharitonov, expert at Traders Union, sees continued technical weakness for ENA as price trades solidly below all key moving averages. He highlights persistent bearish momentum and notes that recent buyer activity is short-lived against dominant selling pressure. Volatility remains low, and the likelihood of further decline exceeds 80%. "Base case remains sideways to lower — as long as ENA stays under $0.1126, I view upside attempts as unreliable."

Previously it was reported that Ethena (ENA) is exhibiting continued bearish momentum, trading below key moving averages with persistent seller dominance confirmed by technical indicators such as MACD ADX and RSI remaining in negative territory. Immediate resistance is identified at $0.1126, with downside risk prevailing and rangebound trading likely unless buyers reclaim short-term resistance levels.

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.