Ethena rises 7.42% — MEXC investment and mixed technical signals shape price forecast

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Ethena surges 7.42% today on investment

Highlights

MEXC Ventures doubled its strategic investment in Ethena (ENA) to $30 million as of October 1, 2025, signaling increased institutional confidence and supporting ecosystem liquidity.
ENA price rose 7.42% to $0.6253, trading below both the MA-20 at $0.6359 and MA-50 at $0.6736, indicating persistent short-term selling pressure despite longer-term support above the MA-200 at $0.4504.
Technical indicators show mixed momentum with MACD weakly bearish, daily RSI at 28.41 indicating oversold conditions, and prices expected to consolidate between $0.6171 and $0.6875 for the next five days.

Investment boost and bullish signals drive optimism despite market uncertainty

MEXC Ventures has doubled its strategic investment in ENA to $30 million as of October 1, 2025, reinforcing confidence in the Ethena ecosystem and its synthetic dollar protocol. This injection is likely to improve ENA’s market perception and liquidity, supporting growth momentum. Technical developments, including a recent bullish engulfing candlestick pattern, point to strong buying sentiment, even as profit-taking risks and mixed technical forecasts contribute to broader market uncertainty.

Sellers maintain control as momentum signals remain mixed and volatile

The technical landscape reveals short- and medium-term pressure with sellers in control, as ENA trades beneath both the MA-20 and MA-50, but remains above its MA-200 and dynamic support around the Ichimoku Kijun at $0.7033. Resistance appears to be forming near the MA-50 or the next round number, while high intraday volatility has pushed today’s price toward session highs. Momentum signals are mixed: the daily MACD is weak and flashing a sell, ADX at 27.32 signals some upward trend, and daily RSI is low at 28.41, indicating oversold conditions. CCI is negative, Stoch RSI is neutral, and Bear Power, along with the Awesome Oscillator, favors sellers — all suggesting lingering downside momentum amid unstable sentiment.

Equal risk of breakout or further decline as price consolidates

In the near term, ENA’s price is expected to fluctuate between $0.6171 and $0.6875, averaging near $0.6523 over the next five days. Weekly indicators give equal probability — 50% — to upward or downward moves. The base case scenario is consolidation within the $0.62– $0.65 range. A breakout above $0.6736 resistance could drive a move toward $0.6875, while a loss of support at $0.6171 may open the door to further declines toward $0.60 or lower.

Anton Kharitonov, expert at Traders Union, sees Ethena (ENA) facing persistent short-term technical challenges, remaining below key moving averages despite positive sentiment from MEXC Ventures’ latest investment. While the $30 million injection strengthens the project’s foundation and may bolster market confidence, Kharitonov notes that selling momentum dominates, with mixed indicators and high volatility suggesting no clear direction. The expert emphasizes that price is likely to consolidate between $0.62 and $0.65 unless a decisive breakout occurs. "Base case remains range-bound; unless ENA reclaims $0.6736, I remain defensive and see further downside risk if $0.6171 fails as support."

Previously it was noted that YZi Labs — the former venture division of Binance — announced an expansion of its position in Ethena Labs to support the growth of its synthetic stablecoin, USDe. The expansion aimed at key strategic priorities such as deepening USDe integration across centralized and decentralized exchanges and supporting new product rollouts.

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.