ENA today news: support at $0.3462 in focus — indicators warn of stretched selloff

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Ethena drops 16.48% today to $0.36

Highlights

Ethena (ENA) dropped 16.48% today to a low of $0.3462, trading below its $0.5556 MA-20, $0.64 MA-50, and $0.4576 MA-200, confirming strong bearish momentum.
USDe stablecoin briefly lost its dollar peg on October 11, 2025, falling to $0.65 during a $19 billion crypto selloff after new U.S. tariffs on China, then rapidly recovered as Binance reviewed impacted accounts.
Technical indicators including RSI at 25.88, Stoch RSI at 22.05, and CCI at –236.99 show ENA is deeply oversold, with price likely to consolidate between $0.3462 and $0.4271 over the next five days.

ENA volatility spikes as USDe depegs amid macro-driven selloff

Market action intensified after Ethena's USDe stablecoin briefly lost its dollar peg on October 11, 2025, sliding to $0.65 during a $19 billion crypto selloff spurred by the announcement of new U.S. tariffs on China. Ethena Labs confirmed that USDe quickly regained its peg and all operations remained functional, while Binance began reviewing affected accounts for possible compensation amid ongoing volatility. The sharp drop in ENA reflects market sensitivity to major geopolitical and macroeconomic shocks, even with the stablecoin’s technical recovery.

Downtrend momentum accelerates as oversold signals and weak support align

Technical analysis shows ENA below key moving averages with the closest resistance at the Ichimoku Kijun level of $0.4271 and no immediate dynamic support beneath the current price. MACD signals continued selling, ADX highlights a strong trend, while RSI at 25.88, Stoch RSI at 22.05, and CCI at –236.99 point to deeply oversold conditions. BBP confirms dominant seller activity and the Awesome Oscillator reinforces the prevailing downtrend, though oscillators warn that the short-term selloff may be stretched.

Sideways outlook favored as breakout probabilities remain low

Over the next five trading days, ENA is likely to consolidate between $0.3462 and $0.4271, with only a low probability (under 20%) of a price increase. The baseline forecast is for continued sideways movement within this channel. A decisive break above $0.4271 could trigger a rally toward $0.4703, while a drop below $0.3462 would signal further downside risk.

Viktoras Karapetjanc, expert at Traders Union, notes that while the sharp selloff in ENA was amplified by broader macroeconomic shocks and sentiment-driven panic, the project’s fundamentals showed resilience with USDe quickly regaining its peg. Karapetjanc sees the current oversold state and strong trend indicators as a potential foundation for eventual recovery, but acknowledges that prevailing risk aversion may keep prices subdued in the near term. He remains constructive on ENA’s prospects should the broader market stabilize, especially if resistance at $0.4271 is reclaimed. "Despite today’s volatility, I see this as a test of confidence — if market sentiment turns even slightly, ENA could surprise to the upside in coming sessions."

Previously it was noted that ENA was trading at the lower end of today’s volatile $0.5035–$0.5703 range, and oscillator-momentum divergences suggested possible short-term uncertainty. The article also highlighted mixed momentum and oscillator indicators, emphasizing sideways or downward price action as more probable while resistance remained firm.

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.