Ethena (ENA) faces a 7.59% daily price decline amid rising trade activity.

Weekly performance remains stable, suggesting investor confidence.

Bullish community sentiment shows 83% expect upward momentum.

Price nears critical resistance zone between $0.52 and $0.55.

Ethena (ENA) faces a notable decline in its value, continuing its downward price trend. Over the last 24 hours, ENA has dropped by almost 7.59%. Despite this dip, the token has remained stable over the past week, indicating some underlying investor support.

At the time of writing, ENA is trading at $0.4561. Its 24-hour trading volume reached $399.82 million, marking a 31.94% surge. The market capitalization stands at $3.26 billion, reflecting a 7.57% decline.

Also Read: Ethene (ENA) Price Analysis: Bullish Wedge Pattern Targets $1.20 Breakout

Investor Community Shows Renewed Market Confidence

The community sentiment shows strong optimism, with 83% of participants expressing confidence about an upward price movement. The majority suggests that traders expect continued positive momentum, possibly fueled by recent bullish signals or improving fundamentals that are encouraging buying activity.

On the other hand, only 17% of investors still take a bearish outlook. The lower figure of bearish investors shows less conviction in selling, and market sentiment is leaning more towards growth and accumulation rather than fear-driven sales.

Ethena Targets Breakout Toward Higher Resistance Levels

Ethena (ENA) is making an effort to have a bullish reversal, as it has traded flat for a few weeks. The current market value of Ethena is sitting at $0.4559 and is about to touch the resistance area of $0.52-$0.55. The reason for this area to be a critical point is that it has previously turned out to be a rejection zone.

Crypto analyst Ali believes that if this structure makes a higher high, ENA could actually be gearing up for a big breakout soon. Breaking above $0.55 solidly will consolidate a buy strength and could push it to reach as high as $0.80 in a short while. The midline breakout is on all traders’ radars for confirmation.

If this momentum is maintained and volume escalates, ENA could rally towards its next important level of around $1.30. But if there is a rejection at $0.55, a temporary correction to the support zone between $0.42-$0.38 can occur. Market sentiment will remain positive as long as a break below its higher-low circuit isn’t observed.

Also Read: Ethena Price Prediction: Could ENA Reach $5 Target in Coming Days?

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Filed under: Bitcoin - @ October 29, 2025 5:20 pm