Ethena price is trading around $0.56 and traders are watching it closely. Two prominent analysts, Ali Martinez and Umair Crypto, are pointing to the same story: the ENA chart is leaning bearish and lower support zones are now in focus. Both see room for a bounce later on, but only if the right levels hold.
What you'll learn 👉
Ethena Price Action and Trend
ENA price made a lower high near $0.86 in mid-September and has been sliding since then. The key move was the drop below $0.61-$0.62, a spot that acted as a floor for weeks.
After breaking through, price briefly bounced back to retest that band from below and failed, a classic sign that sellers are still in charge.
Right now, the next steps look like a staircase lower. Short-term guide levels sit at $0.59, $0.56, and $0.54, with a bigger demand zone near $0.52. If that area gives way, eyes turn to $0.50 and then $0.48, $0.46, and $0.42–$0.43.
Bulls need to close back above $0.61-$0.62 and hold there to shift momentum back toward $0.66-$0.70 or even $0.74.
Bigger Picture on the Three-Day ENA Chart
Zooming out, Umair points to $0.6398 as the breakdown pivot and first real resistance on the three-day chart.
Below, there’s a rising moving average around $0.46, and a key demand band at $0.39-$0.42 where buyers might show up again. If ENA price can’t hold above $0.46, the door could open toward the deeper $0.25 area.
Umair also notes that a solid bounce from $0.39-$0.42 could set up a move back toward $0.80, and even $1.20, but only if ENA can reclaim $0.64 and push through resistance zones like $0.78–$0.86.
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What’s Next for ENA
Ali summed it up in his tweet: “Ethena $ENA lost $0.61 support, opening the door for a drop to $0.50.” His roadmap matches the four-hour chart, where $0.52 is the first level to watch and $0.50 follows if selling pressure stays strong.
Umair shares a similar view, stressing that the three-day close below the previous low confirmed the bearish turn.
For now, ENA price remains under pressure while below $0.61–$0.62, and traders are watching the $0.52, $0.46, and $0.39-$0.42 zones for the next big move.
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