📈 Analysis and forecast for $ENA on Binance: future prospects? 📉
As of 10:56 EEST, June 22, 2025, the price of $ENA (Ethena) on Binance is $0.2482, showing a decline of 7.39% over the last 24 hours. Decreased trading volume and negative dynamics indicate a correction, possibly caused by overall market instability or profit-taking by investors.
Technically, $ENA is in a consolidation zone. On the 4-hour chart, the 50-day SMA is approaching the 200-day from below, signaling bearish momentum. The RSI (14) at around 37 indicates oversold conditions, which may hint at a possible reversal with increasing volumes. Key resistance is at $0.29, a breakout of which could return growth to $0.35. Support is located at $0.24, and below it at $0.22. Holding above $0.2482 keeps recovery chances alive, but the risk of further decline remains.
Forecast: In the coming days, ENA may test support at $0.24–$0.22, with a chance of a bounce back to $0.29 by the end of June 2025 if interest resumes. A rise to $0.35–$0.40 is possible by July if the ecosystem continues to develop. The long-term outlook for 2026 is $1.00–$1.50+, assuming growth in DeFi adoption and new partnerships. Risks include high volatility and dependence on market trends. Posts on X reflect mixed expectations: some see potential above $0.30, while others predict a drop to $0.20.
Future prospects? A decline of 7.39% and a price of $0.2482 are close to support at $0.24. Buying at $0.24 with a target of $0.29 and a stop-loss at $0.22 may be justified. ENA stands out due to innovations in DeFi and support from Binance, making the project promising. Stay tuned for news about the ecosystem!
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