Ethena is Predicted to Reach $0.811053 By Nov 30, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Ethena is down -5.28% today against the US Dollar
• ENA/ETH decreased by -7.46% today
• Ethena is currently trading 22.23% below our prediction on Nov 30, 2024
• Ethena gained 76.29% in the last month and is up 11.64% since 1 year ago

ENA price is expected to rise by 29.52% in the next 5 days according to our Ethena price prediction

is trading at $ 0.630782 after losing -5.28% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.51% in the same time period. ENA performed poorly against BTC today and recorded a -1.91% loss against the world’s largest cryptocurrency.

According to our Ethena price prediction, ENA is expected to reach a price of $ 0.811053 by Nov 30, 2024. This would represent a 29.52% price increase for ENA in the next 5 days.

ENA Price Prediction Chart

Buy/Sell Ethena

What has been going on with Ethena in the last 30 days

Ethena has been displaying a positive trend recently, as the coin gained 76.29% in the last 30-days. The medium-term trend for Ethena has been bullish, with ENA increasing by 131.81% in the last 3 months. The long-term picture for Ethena has been positive, as ENA is currently displaying a 11.64% 1-year price change. On this day last year, ENA was trading at $ 0.564995.

Ethena reached its all-time high price on Apr 11, 2024, when the price of ENA peaked at $ 1.52. The current ENA cycle high is $ 0.714541, while the cycle low is at $ 0.196105. ENA has been displaying high volatility recently – the 1-month volatility of the coin is at 21.88. Ethena recorded 18 green days in the last 30 days.

Ethena technical analysis for today – Nov 26, 2024

The sentiment in the Ethena markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.618690, $ 0.554887 and $ 0.521749, while $ 0.715631, $ 0.748769 and $ 0.812572 are the key resistance levels.

Bullish sentiment for Ethena

23 indicators are currently signaling a bullish prediction for Ethena, while 2 indicators are showing a bearish forecast. With 92% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Ethena.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 82 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ethena moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ethena is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ethena is at 72.20, suggesting that ENA is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ethena over the last 50 days. Currently, Ethena is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ENA closing price for the last 200 days. ENA is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Ethena prediction

After considering the above factors, we can conclude that the current forecast for Ethena price prediction is Bullish. ENA would have to increase by 29.52% to hit our $ 0.811053 target within the next five days. Moving forward, it will be important to monitor the ENA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Ethena price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.