Ethena Price Latest: Will ENA Price Get Upside Support?

Bittime - Ethena (ENA) is facing bearish pressure after dropping below $0.63, indicating more bearish market sentiment. While there is a possibility of an upside if resistance at $0.57 is overcome, there are no definite indications of a significant rally any time soon.

Will Ethena Prices Rise?

Ethena's value recently fell below the important figure of $0.63, signaling a bearish phase. Mixed market sentiment is represented by recent price fluctuations among major alternative coins.

It is very clear that there is a tug-of-war between the bullish and bearish forces at the moment, the bullish forces are stronger. The decline in ENA values ​​shows this. ENA has fallen by 11% over the past week and month, by 38% respectively. This indicates a bearish trend affecting the crypto market. There are no signs of an increase yet.

Ethene Price Ranges Between $0.63 and $0.53

Ethena prices range between $0.63 and $0.53. But the bullish momentum could not be maintained, so it fell below the support level. Most cryptocurrencies trade sideways, with some showing an uptrend and others experiencing a downtrend.

Will ENA Prices Rise Someday?

Currently, Ethena is experiencing a bearish trend. Value may further weaken if market forces are insufficient. Persistent bearish pressure on the cryptocurrency could accelerate the decline, potentially falling to its support level around $0.56 in the near term.

On the contrary, there is a high possibility of upside momentum if buyers can overcome the $0.57 resistance. This spike could push ENA to test major resistance at $1. With continued bullish pressure, Ethena price may rise to $2 in the next rally.

Conclusion

Ethena price is currently trending down as the price fell below the key support level of $0.63. Current market sentiment is more bearish than positive, although there are some indications that upside is possible if resistance at $0.57 can be overcome.

With bearish pressure still dominant at the moment, there is no indication that Ethena's price will rise significantly in the near future. Investors and traders should monitor further market developments to find possible shifts in the trend in a stronger bullish direction.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.