After slipping sharply from its $0.42 weekly high, the Ethena (ENA) price today is hovering near $0.371, attempting to stabilize above key near-term support. The broader price structure remains trapped within a mid-range channel, and bulls are now looking for technical confirmation of a local bottom near the $0.36–$0.37 demand zone. However, momentum indicators show signs of fatigue, suggesting any bounce may face immediate overhead friction from recent breakdown levels.

What’s Happening With Ethena (ENA)’s Price?

The Ethena (ENA) price action this week has been marked by high volatility. After a failed breakout above the $0.42 resistance, ENA reversed sharply, plunging over 12% within 24 hours. This decline not only breached its short-term ascending trendline but also sliced below the 20 and 50 EMA on the 4-hour chart, dragging the asset into a bearish short-term setup.

Currently, the price is consolidating between $0.36 and $0.38, a zone that aligns with the 0.382 Fibonacci retracement level and also sits near the lower Bollinger Band. This technical confluence makes it a key battleground for bulls hoping…

The post Ethena (ENA) Price Prediction for May 25: Recovery Attempts After $0.36 Breakdown Face Stiff Resistance appeared first on Coin Edition.

After slipping sharply from its $0.42 weekly high, the Ethena (ENA) price today is hovering near $0.371, attempting to stabilize above key near-term support. The broader price structure remains trapped within a mid-range channel, and bulls are now looking for technical confirmation of a local bottom near the $0.36–$0.37 demand zone. However, momentum indicators show signs of fatigue, suggesting any bounce may face immediate overhead friction from recent breakdown levels.

What’s Happening With Ethena (ENA)’s Price?

The Ethena (ENA) price action this week has been marked by high volatility. After a failed breakout above the $0.42 resistance, ENA reversed sharply, plunging over 12% within 24 hours. This decline not only breached its short-term ascending trendline but also sliced below the 20 and 50 EMA on the 4-hour chart, dragging the asset into a bearish short-term setup.

Currently, the price is consolidating between $0.36 and $0.38, a zone that aligns with the 0.382 Fibonacci retracement level and also sits near the lower Bollinger Band. This technical confluence makes it a key battleground for bulls hoping…

The post Ethena (ENA) Price Prediction for May 25: Recovery Attempts After $0.36 Breakdown Face Stiff Resistance appeared first on Coin Edition.