Ethena
ENA
$0.092
trades at a price of $0.09 after a daily drop of 8.72%, remaining below the SMA-20 ($0.1032), SMA-50 ($0.1090), and SMA-200 ($0.2914), indicating a prevailing bearish momentum. The current price also remains below the Ichimoku Kijun resistance level at $0.1047.
Ethena (ENA) recorded a 70% increase in trading volume after a sell-off caused by geopolitical factors, and then stabilized near key support levels.
The asset is still under significant selling pressure, and the persistent intraday volatility reflects cautious market sentiment.
Technically, ENA remains significantly below the major moving averages, and indicators signal a high probability of further decline in the range of $0.0840–$0.0950.$ENA
ENA
0.0905
-2.47%