What to know:
- Ethena price remains in a long-term downtrend with a bearish structure intact.
- Strong support at $0.08; $0.1397 key bullish resistance level.
- RSI near 40 shows weak bearish momentum but is improving.
Ethena (ENA) price remains in a long-term downtrend with a bearish structure intact. Ethena Price is stabilizing near key support while struggling below major resistance. RSI and MACD show weakening bearish momentum but no confirmed reversal yet. Recent news of USDe collateral expansion and institutional integration may improve sentiment and support long-term outlook.
Ethena price breakout requires bullish confirmation
Ethena price remains in a clear long-term downtrend, with the descending purple trendline acting as strong dynamic resistance since late 2025.
Price continues forming lower highs and lower lows, confirming bearish market structure. The recent breakdown below the trendline near $0.09 suggests sellers still dominate the market.
The circled zone around $0.08 is currently acting as a key support area where buyers are attempting to stabilize Ethena price.
However, bullish momentum remains weak without a strong recovery above the broken trendline. Major resistance levels stand at $0.1397, $0.1990, $0.2775, and $0.3613, according to crypto analyst The Boss.
For a bullish reversal, ENA must reclaim the descending trendline and close above $0.1397, opening the door toward $0.1990 and higher targets.
Failure to do so could lead to another rejection and continuation of the broader downtrend. Overall, the chart remains bearish-to-neutral until higher highs are established.
Also Read: Ethena Price Forecast: ENA Shows Early Stabilization as Bearish Momentum Eases
Ethena Momentum Fades On Daily Chart
According to the TradingView chart, RSI for Ethena is trading at about 40.85, but its momentum seems to have weakened after several failed attempts at mid-range levels.
The index is still trading below the important 50 line, indicating that the bears have the upper hand. However, a recent rise from an overbought state suggests that bulls may get a chance to push prices higher if they can sustain the rally above 40.
The MACD histogram remains below zero, indicating persistent bearish strength, with the signal line sitting above the MACD line.
However, the narrowing gap suggests that the downward strength is weakening. If the buyers increase their participation in the market, a bullish cross might occur, suggesting an early reversal signal.
Ethena Expands USDe With Securitize Integration
The data from Ethena further highlights that Ethena is collaborating with Securitize as a strategic tokenization partner. STAC, an acronym for the Securitize Tokenized AAA CLO Fund, is an important part of the USDe ecosystem.
Such cooperation will help USDe diversify its RWA portfolio to include more than just the BlackRock BUIDL portfolio currently used.
The approval was given by the Ethena Risk Committee after performing independent due diligence on four major factors, including liquidity, creditworthiness, drawdown, and pricing.
This was done to provide a safeguard for any future decisions relating to USDe funding. This development could positively influence the ENA price due to stronger ecosystem fundamentals and increased institutional confidence.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Ethena Price Rally to $0.80 Possible After Technical Breakout
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