As of May 16, 2025, Ethena $ENA

is trading at approximately $0.3843, reflecting a 4.63% increase for the day. The intraday high reached $0.3887, while the low dipped to $0.3599.

Technical analysis indicates a bullish momentum for ENA. The recent price action shows a recovery from the week's low of $0.3673, suggesting strong buying interest at lower levels . The Relative Strength Index (RSI) stands at 67.15, approaching overbought territory, which may signal a potential for continued upward movement or a short-term consolidation .

The market sentiment is currently in the 'greed' zone, with a Fear & Greed Index score of 70, indicating positive investor sentiment . Analysts predict that if the bullish trend continues, ENA could target the $0.60 resistance level in the near future .

In summary, ENA exhibits bullish momentum with strong support levels, but traders should monitor for potential resistance as the price approaches higher levels.