ENA (Ethena): Technical overview as of August 5, 2025
The price is holding in a narrow range of $0.49–$0.52, with weak volumes and neutral momentum. MACD and RSI indicate a bearish sentiment, especially on the daily and weekly charts. The moving averages (MA50 and MA200) confirm the downward trend. Cautious accumulation by large wallets is visible — a possible precursor to a reversal. For now, this is a sideways market with growth potential supported by BTC and positive sentiment from the project. The key resistance zone is $0.55. A breakout will open the way to $0.60+.
