$ENA

Analysis of the Ethena (ENA) currency against the US dollar

Time frame: 4 hours and daily

Date: August 5, 2025

Quick technical overview (daily chart)

Overall trend: Downward since June 30, 2025, after forming a double top at $1.36.

Downward trend line: Connects successive peaks and is currently at $0.92 (currently being tested).

Moving averages:

– 50-day EMA: $0.89 (market price $0.905 is still slightly above it).

– 100-day SMA: $0.96 (acts as a dynamic resistance).#marketrebounds #ProjectCrypto #BTCReserveStrategyy #BTCReserveStrategyy #ProjectCrypto