Ethena news live: bearish trend dominates — support seen at $0.3817, resistance at $0.4056

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Ethena slides 7.02% today

Highlights

Ethena (ENA) traded at $0.3975, down 7.02% today and below all major moving averages including the MA-20 at $0.4474.
Technical indicators such as MACD, RSI, CCI, and Stoch RSI all signal strong bearish momentum and an oversold environment for ENA.
For the coming week, ENA is expected to range between $0.3800 and $0.4056, with less than a 20% probability of price rising.

Oversold momentum and weak trend reinforce technical bearishness

Momentum indicators on the daily chart show persistent downside. MACD signals a strong sell, and ADX indicates trending weakness with sellers in control. RSI and CCI are both in oversold territory, and the Stoch RSI is at zero, reinforcing an oversold environment. BBP confirms sellers dominate intraday momentum, while the Awesome Oscillator supports the bearish trend. Dynamic support is seen near $0.3817 from the Ichimoku Kijun line, with resistance at the MA-20.

Low probability of rebound as range-bound trading expected

For the upcoming week, the expected trading range is $0.3800 to $0.4056. The probability of a price rise is very low (less than 20%), making a further decrease much more likely. The baseline scenario is for ENA to remain sideways within this range, with weak momentum keeping it stuck between support and resistance. A move and close above $0.4056 could trigger upside toward the MA-20, while a break below $0.3800 may lead to deeper declines.

Anton Kharitonov, analyst at Traders Union, sees the technical landscape for Ethena (ENA) as persistently bearish, with price trading below key moving averages and strong signals of downward momentum across all main indicators. Given the lack of supportive news catalysts and the overwhelming presence of sellers, he is highly cautious about any near-term recovery. The analyst maintains a strongly defensive stance, expecting the price to remain pressured within the defined range unless decisive levels are reclaimed. "Unless ENA closes above $0.4056, I see no reason to consider long positions — risk management should be the priority in such a weak environment."

Previously it was noted that momentum readings for ENA were mixed, signaling a potential tug-of-war between short-term exhaustion and persistent selling. Last time we reported that sellers dominate intraday action alongside a divergence between short-term exhaustion and continued downside risk.

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.