Quick Analysis of ENA/USDT (November 2025)
Current price: ~$0.31
Trend: Bearish / consolidation phase
Key levels:
- Support: ~$0.30
- Resistance: ~$0.45–$0.50
Chart view: Time Frame 1D
Downtrend from highs of about $0.87 highs, currently stabilizing close to support. Weak momentum when the price is under 50 & 200 EMA.
Short-term predictions (1 to 3 months):
🟢 Bull case: It will rebounce to $0.45–$0.60 if sentiment improves
⚪ Base case: adjacent sideways near $0.30 to $0.40
🔴 Bear case: In the event that support breaks, the price will fall to $0.20 to $0.25.
Fundamentals:
👉ENA = governance token for Ethena’s USDe synthetic dollar
👉Strong TVL (~$8–9 B) but price is impacted by heavy token unlocks weigh on price
👉More ecosystem adoption and stablecoin expansion are required for recovery
Overall:
📉 Poor in Short-term, but has long-term potential if the protocol grows and market sentiment improves.
