Ethena faces promoting stress after $0.61 breakdown. Analysts warn of a doable decline towards $0.52 and $0.50 zones.
Ethena (ENA) has misplaced a key worth degree that merchants have been watching intently. The token broke under the $0.61–$0.62 help band, and analysts now see danger of additional draw back as bearish indicators strengthen throughout a number of timeframes.
ENA Breaks Key Help Zone
Ethena’s worth has been on a gradual decline since forming a decrease excessive close to $0.86 in mid-September. The essential shift got here when the token fell beneath the $0.61–$0.62 vary, a degree that had acted as help for a number of weeks.
After the breakdown, ENA briefly tried to retest the zone from under however failed to carry. Analysts level to this rejection as a transparent signal of promoting stress. Ali Charts famous that Ethena $ENA misplaced $0.61 help, opening the door for a drop to $0.50. Ethena is presently buying and selling close to $0.56, confirming the bearish construction.
Alpha Crypto Sign has additionally pointed to a double high formation on the each day chart, which confirms weak spot. In accordance with the group, “$ENA has clearly shaped a double high sample on the each day timeframe. After failing to reclaim the neckline round 0.60–0.62, ENA has damaged down and is now buying and selling under that zone.”
Chart Request: #ENA$ENA has clearly shaped a double high sample on the each day timeframe, with robust rejection from the identical resistance zone. After failing to reclaim the neckline (round 0.60–0.62), $ENA has damaged down and is now buying and selling under that zone.
This confirms bearish… pic.twitter.com/VkqpFRowON
— Alpha Crypto Sign (@alphacryptosign) September 28, 2025
ENA Quick-Time period Ranges to Watch
The short-term image suggests a stair-step decline. Analysts establish information ranges round $0.59, $0.56, and $0.54 as worth continues to pattern decrease. The following demand zone lies close to $0.52, which merchants see as the primary space the place help may emerge.
If $0.52 fails to carry, the subsequent goal is the psychological $0.50 mark. A sustained transfer under $0.50 may then carry consideration to deeper ranges reminiscent of $0.48, $0.46, and the $0.42–$0.43 area. These areas might develop into essential checkpoints for merchants assessing draw back danger.
Market information additionally reveals that buying and selling quantity has decreased sharply, with turnover falling greater than 50% in latest periods. This weakening participation might add weight to the bearish outlook if shopping for stress doesn’t return quickly.
Broader Outlook on Increased Timeframes
On the three-day chart, analysts are watching $0.6398 as the important thing breakdown pivot and first resistance degree to reclaim. Umair Crypto famous that under this zone, Ethena faces restricted help till the shifting common close to $0.46 and a requirement band at $0.39–$0.42.
If the $0.46 degree fails, some analysts warn that the door may open towards the $0.25 area. Nevertheless, a bounce from the $0.39–$0.42 space may enable ENA to get better towards $0.80 and even $1.20, however provided that the token reclaims $0.64 and breaks by larger resistance ranges at $0.78–$0.86.
Till then, the construction favors draw back, and any retest of the $0.60–$0.62 zone might stay a chance for sellers. Analysts proceed to watch the $0.52, $0.50, and $0.46 ranges as essentially the most speedy areas of curiosity within the present bearish setup.