Ethena is Predicted to Reach $ 0.589790 By Feb 22, 2025

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 -3.15% today against the US Dollar
  • ENA/ETH decreased by -2.51% today
  • Ethena is currently trading 26.13% below our prediction on Feb 22, 2025
  • Ethena dropped -50.35% in the last month and is down -22.89% since 1 year ago
Ethena price$ 0.435665
Ethena prediction$ 0.589790 (30.21%)
SentimentBearish
Fear & Greed index51 (Neutral)
Key support levels$ 0.438057, $ 0.428583, $ 0.415026
Key resistance levels$ 0.461087, $ 0.474644, $ 0.484118

ENA price is expected to rise by 30.21% in the next 5 days according to our Ethena price prediction

Ethena price today is trading at $ 0.435665 after losing -3.15% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.71% in the same time period. ENA performed poorly against BTC today and recorded a -1.80% loss against the world’s largest cryptocurrency.

According to our Ethena price prediction, ENA is expected to reach a price of $ 0.589790 by Feb 22, 2025. This would represent a 30.21% 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 negative trend recently, as the coin lost -50.35% in the last 30-days. The medium-term trend for Ethena has been bearish, with ENA dropping by -22.28% in the last 3 months. The long-term picture for Ethena has been negative, as ENA is currently displaying a -22.89% 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 $ 1.33, while the cycle low is at $ 0.196105. ENA has been displaying high volatility recently – the 1-month volatility of the coin is at 25.48. Ethena recorded 12 green days in the last 30 days.

Ethena technical analysis for today – Feb 17, 2025

The sentiment in the Ethena markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.438057, $ 0.428583 and $ 0.415026, while $ 0.461087, $ 0.474644 and $ 0.484118 are the key resistance levels.

Bearish sentiment for Ethena

5 indicators are currently signaling a bullish prediction for Ethena, while 20 indicators are showing a bearish forecast. With 80% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Ethena.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 51 (Neutral), which signals that investors have a neutral 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.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 0.631713 (SELL)$ 0.619175 (SELL)
MA5$ 0.575653 (SELL)$ 0.698840 (SELL)
MA10$ 0.587276 (SELL)$ 0.811240 (SELL)
MA21$ 0.602287 (SELL)$ 0.903755 (SELL)$ 0.258588 (BUY)$ 0.631759 (SELL)
MA50$ 0.784125 (SELL)$ 0.894205 (SELL)
MA100$ 0.805529 (SELL)$ 0.776426 (SELL)
MA200$ 0.593881 (SELL)$ 0.666858 (SELL)
PeriodValueAction
RSI (14)34.97NEUTRAL
Stoch RSI (14)56.67NEUTRAL
Stochastic Fast (14)17.71BUY
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)43.45BUY
Awesome Oscillator (5, 34)-0.24NEUTRAL
Momentum (10)-0.09NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-82.29BUY
Ultimate Oscillator (7, 14, 28)38.80NEUTRAL
VWMA (10)0.47SELL
Hull Moving Average (9)0.43BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.68NEUTRAL

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 34.97, suggesting that ENA is currently neutral.

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 above the SMA 50 trendline, which is a bullish 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 above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Ethena prediction

After considering the above factors, we can conclude that the current forecast for Ethena price prediction is Bearish. ENA would have to increase by 30.21% to hit our $ 0.589790 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.

Source: https://coincodex.com/article/63231/ethena-prediction-february-17-2025/