Ethena price prediction: Can $0.088 support hold as ENA slumps 8.09%?

Traders Union
All News
Crypto News
Ethena slides 8.09% today

Highlights

ENA remains in a clearly bearish trend, trading well below all key moving averages across timeframes.
Momentum indicators confirm weak trend strength and persistent selling, with price action showing intraday declines and heightened volatility.
Over the next five days, ENA is expected to trade between $0.088 and $0.108, with further downside more likely if support fails.

Bearish momentum intensifies as technical support breaks

ENA has fallen below technical levels including the SMA-20 ($0.1139), SMA-50 ($0.1062), and the long-term SMA-200 ($0.1664), with the Ichimoku Kijun resistance at $0.1194 overhead. ADX remains neutral at 17.92, while the MACD is neutral on the D1 but strongly bearish on higher timeframes. RSI stands at 41.29 and CCI at -72.14, both indicating continued selling momentum; Stoch RSI is deeply oversold. Bull/Bear Power (BBP) is barely positive with an intraday "Buy" forecast, but this is notably at odds with overall selling bias, especially given today's decline of 8.09% and price closing near the session low.

Further downside likely as bearish signals dominate outlook

Over the next five trading days, ENA is expected to move within a $0.088 to $0.108 range, a typical volatility band relative to current levels. The probability of a short-term move higher is low (less than 20%), and a further decline is more likely given the strong bearish signals across daily and weekly timeframes. If support at $0.088 fails, further losses are probable, while a recovery above $0.108 could provoke short-term covering, but this outcome remains unlikely.

Viktoras Karapetjanc, expert at Traders Union, sees ENA still under clear short-term pressure despite his generally constructive outlook. He notes the absence of meaningful fundamental or macro news to shift sentiment. Downward technical signals dominate, but the analyst believes a recovery could develop if price stabilizes above $0.108. For now, sellers remain in control and any bounce is likely to be short-lived unless that resistance is reclaimed. "Momentum can shift quickly in crypto, but for now, ENA needs to hold current support before any sustainable upside can start."

Earlier, analysts noted that Ethena continued to face significant downside risk amid persistent selling pressure and weak momentum signals. The current setup reinforces this bearish outlook, suggesting that traders should closely monitor for a potential breakdown below the recent $0.088 support, which could open the door to accelerated losses.

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.