Ethena Dropped -19.98% in Last Month and is Predicted to Reach $1.20 By Jan 21, 2025

• Ethena is up 8.86% today against the US Dollar
• ENA/BTC increased by 9.22% today
• ENA/ETH increased by 8.29% today
• Ethena is currently trading 22.81% below our prediction on Jan 21, 2025
• Ethena dropped -19.98% in the last month and is up 63.38% since 1 year ago

ENA price is expected to rise by 30.75% in the next 5 days according to our Ethena price prediction

is trading at $ 0.923102 after gaining 8.86% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 8.20% in the same time period. ENA performed well against BTC today and recorded a 9.22% gain against the worlds largest cryptocurrency.

According to our Ethena price prediction, ENA is expected to reach a price of $ 1.20 by Jan 21, 2025. This would represent a 30.75% 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 -19.98% in the last 30-days. The medium-term trend for Ethena has been bullish, with ENA increasing by 125.86% in the last 3 months. The long-term picture for Ethena has been positive, as ENA is currently displaying a 63.38% 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 11.62. Ethena recorded 13 green days in the last 30 days.

Ethena technical analysis for today – Jan 16, 2025

The sentiment in the Ethena markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.824695, $ 0.704101 and $ 0.631806, while $ 1.02, $ 1.09 and $ 1.21 are the key resistance levels.

Neutral sentiment for Ethena

16 indicators are currently signaling a bullish prediction for Ethena, while 6 indicators are showing a bearish forecast. With 73% of indicators favoring a positive prediction. This results in an overall sentiment for Ethena.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at , which signals that investors have a positive outlook on the market.

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 47.88, 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 thats 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 . ENA would have to increase by 30.75% to hit our $ 1.20 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.