The post Ethena (ENA) Price Prediction for May 25 appeared on BitcoinEthereumNews.com.

After slipping sharply from its $0.42 weekly high, the Ethena (ENA) price today is hovering near $0.371, attempting to stabilize above key near-term support. The broader price structure remains trapped within a mid-range channel, and bulls are now looking for technical confirmation of a local bottom near the $0.36–$0.37 demand zone. However, momentum indicators show signs of fatigue, suggesting any bounce may face immediate overhead friction from recent breakdown levels. What’s Happening With Ethena (ENA)’s Price? The Ethena (ENA) price action this week has been marked by high volatility. After a failed breakout above the $0.42 resistance, ENA reversed sharply, plunging over 12% within 24 hours. This decline not only breached its short-term ascending trendline but also sliced below the 20 and 50 EMA on the 4-hour chart, dragging the asset into a bearish short-term setup. Currently, the price is consolidating between $0.36 and $0.38, a zone that aligns with the 0.382 Fibonacci retracement level and also sits near the lower Bollinger Band. This technical confluence makes it a key battleground for bulls hoping to avoid further downside. Why Ethena (ENA) Price Going Down Today? The reason behind the recent drop in ENA appears to be a combination of technical rejection and fading upside momentum. On the 4-hour chart, the RSI dropped below 50 following the breakdown and currently sits around 43, reflecting a loss of bullish momentum. Meanwhile, the MACD has just crossed bearishly, with the histogram showing deepening red bars, suggesting the short-term trend may continue to tilt downward unless a strong reversal emerges. Adding to the bearish pressure, the Ichimoku Cloud on the 1-hour and 4-hour charts shows ENA trading below the conversion and base lines, with the cloud ahead turning red. This bearish crossover indicates continued selling pressure unless price action can reclaim $0.38–$0.39 quickly. Technical…

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Filed under: News - @ May 24, 2025 11:18 am