Ethena’s token ENA is trading at $0.6277. The price fell by 0.62% in the past 24 hours. Trading volume slipped to $416.41 million, a drop of 30.5%. Over the last seven days, ENA held at $0.6281, showing a decline of 13.62%.
The market continues to react to lower demand and technical resistance. Analysts point to heavy selling pressure near critical chart levels. Traders remain cautious, waiting for confirmation of either recovery or further decline.
Long-Term Holders Aim for Higher Ranges
CryptoPulse noted ENA’s rejection at the 0.5 Fibonacci level. The analyst stressed that this rejection shows weakness in the short term. Still, holding above this key zone could bring momentum back. A rebound may target the range between $0.83 and $0.97.
Such movement depends on stability in wider crypto trends. Bitcoin’s direction and overall liquidity will play a big role. Short-term traders may find opportunities in volatility. Long-term holders are eyeing higher ranges, but patience will be required.
Ethena Price Predictions for 2025
DigitalCoinPrice projects Ethena may see strong growth ahead. Their forecast shows ENA reaching $1.37 before the end of 2025. The report adds that a break of $1.52 is possible, setting a new all-time high. If so, ENA could stabilize between $1.31 and $1.37.
On the other hand, Coincodex predicts a more bearish August 2025. Their model places ENA near $0.495, with possible moves down to $0.435. The bearish view also highlights a potential short-term return of 30.55% for traders betting against ENA.
