Ethena price prediction: Will the $0.08 zone keep ENA’s recovery alive?

ambcryptoPublicado em 2026-07-12Última atualização em 2026-07-12

Resumo

The Ethena (ENA) price has risen 14.11% from its July 8 low, recovering the $0.08 resistance zone to trade at $0.082. Despite this recent gain, the overall trend remains bearish, with the token down 94% from its all-time high. Positive developments include the launch of the Robinhood Earn feature, where ENA represented over 70% of user asset allocations, significantly boosting the Robinhood Chain's TVL. However, a large transfer of 1.231 billion ENA ($94 million) between unknown wallets created mixed signals. Technical analysis shows long-term bearish dominance, with price action below key former support. The ongoing bounce from $0.08 requires sustained buying pressure to continue. Key resistance is seen at the $0.105-$0.125 zone. Analysts suggest a potential bounce to that zone could present a selling opportunity, while current price levels offer unclear risk-reward for swing traders. The $0.08 level is crucial for keeping the recovery alive.

Ethena [ENA] has been moving upward since the 8th of July. The altcoin has made a 14.11% move from the $0.072 low on that day to the current market prices of $0.082 after reclaiming the short-term resistance zone at $0.08. However, the token has been falling lower since the attempted rally beyond $0.10 in early June. Despite the recent gains, the downtrend has yet to be broken.

The Robinhood Earn feature, launched on the 1st of July, has also been a big plus for Ethena. The network observed in a post on X that Ethena represented over 70% of the asset allocation from Robinhood user deposits. Ethena seeded $50 million into a USDG vault on Morpho, chosen by Steakhouse Financial. This inflow pushed the Robinhood Chain’s TVL up by 160%.

Contrasted against this positive news for the synthetic dollar protocol was the Whale Alerts post on X that showed a 1.231 billion ENA transfer, worth $94 million, between two unknown wallets.

Using ENA price action to sort out the upcoming trends

For an altcoin that is down 94% from its all-time high, the weekly chart is expected to be bearish. The OBV has been making new lows for over two years. The ENA price fell below the $0.19-$0.20 support zone at the start of the year. This support level had been defended since September 2024.

Other momentum indicators were neutral or bearish on this timeframe, and the OBV signaled overall bearish dominance. However, a lower timeframe resistance zone has been breached.

Should ENA traders wait before selling?

The 1-day swing structure broke bearishly at the start of June (white). The ongoing price bounce from the 0.08 zone requires the OBV to continue going higher to signal steady buying pressure.

Such a bounce is technically possible, but the broader market sentiment needs to support ENA’s bullish shift, if it comes. Even then, the $0.105 round number and 50% retracement level would be a key resistance zone to overcome.

A bounce to $0.105-$0.125 could be sold with conviction. At current prices, neither buying in expectation of a bounce nor selling ahead of a price slide had a good enough risk-to-reward for swing traders.

Final Summary

A $94 million ENA token worth alongside the bullishness around the Robinhood Earn news presented mixed signals for market participants.
The long-term price action was bearish, and the $0.105-$0.125 pivotal resistance zone was one to watch.

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Perguntas relacionadas

QAccording to the article, what is the key resistance zone that ENA needs to overcome for a potential recovery?

AThe key resistance zone that ENA needs to overcome for a potential recovery is the $0.105-$0.125 level, with the $0.105 round number and 50% retracement level being particularly pivotal.

QWhat recent development involving Robinhood has provided a positive signal for Ethena (ENA)?

AThe Robinhood Earn feature launched on July 1st has been a big plus, with Ethena representing over 70% of the asset allocation from Robinhood user deposits. This influx also pushed the Robinhood Chain’s TVL up by 160%.

QWhat bearish signal was highlighted from the longer-term weekly chart analysis of ENA?

AThe weekly chart is bearish, with the On-Balance Volume (OBV) indicator making new lows for over two years. Furthermore, the ENA price fell below the long-held $0.19-$0.20 support zone at the start of the year, signaling bearish dominance.

QWhat event related to large-scale token movement created a contrasting or potentially negative signal alongside the positive Robinhood news?

AA Whale Alerts post showed a transfer of 1.231 billion ENA tokens (worth $94 million) between two unknown wallets, which presented a mixed or potentially concerning signal for market participants.

QFrom a swing trader's perspective, what does the article suggest about buying or selling ENA at its current price level of around $0.082?

AThe article suggests that at current prices, neither buying in expectation of a bounce nor selling ahead of a potential price slide had a good enough risk-to-reward ratio for swing traders.

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Como comprar ENA

Bem-vindo à HTX.com!Tornámos a compra de Ethena (ENA) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Ethena (ENA) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Ethena (ENA)Depois de comprar o teu Ethena (ENA), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Ethena (ENA)Transaciona facilmente Ethena (ENA) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

259 Visualizações TotaisPublicado em {updateTime}Atualizado em 2026.06.02

Discussões

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