Ethena (ENA) Market Trends
as of August 6, 2025
Current Price and Volatility:
The price of Ethena (ENA) is approximately $0.42 USD on Binance, with a 24-hour trading volume of around $158.85 million for the ENA/USDT pair.
Recent data indicates high volatility, with a 24-hour price change ranging from -2.46% to -4.66% across platforms, and a 7-day increase of about 1.2% despite a broader market downturn. The Average True Range (ATR) on February 20, 2025, was 0.0743, suggesting relatively high volatility.
Recent Performance:
ENA experienced a significant correction, dropping nearly 90% from its all-time high of $1.52 in April 2024. However, since September 2024, momentum shifted, with a rally peaking in December 2024 before a 35% pullback to $0.72 by January 14, 2025. The price has since stabilized, showing signs of a potential bullish reversal, supported by a double-bottom pattern and a bounce at the 0.5 Fibonacci retracement level. Technical indicators like the Relative Strength Index (RSI) at 32 (February 2025) suggest bearish conditions but verge on oversold, hinting at a possible rebound.