2024

AI Crypto

Green

Ethena

<p>The Ethena price prediction resumes the decline after touching the daily high at $0.728, but the buying interest may increase on approach to $0.730.</p>
<h2 id="ethena-ena-price-forecast-amidst-a-dip-in-crypto-fear-and-greed-index">Ethena (ENA) Price Forecast Amidst a Dip in Crypto Fear and Greed Index</h2>
<p>ENA has experienced declines for eight consecutive days, setting a record for its longest losing streak. It dropped to a low of $0.07400 on Tuesday, marking its lowest point since May 20th. The cryptocurrency has shed over half of its value from its peak earlier this year.</p>
<h2 id="ethena-prediction-statistics-data">Ethena Prediction Statistics Data:</h2>
<ul>
 <li>Ethena price now – $0.713</li>
 <li>Ethena market cap – $1 billion</li>
 <li>Ethena circulating supply – 1.5 billion</li>
 <li>Ethena total supply – 15 billion</li>
 <li>Ethena Coinmarketcap ranking – #73</li>
</ul>
<h2 id="ena-usd-medium-term-trend-bearish-4h-chart">ENA/USD Medium-term Trend: Bearish (4H Chart)</h2>
<p>Key levels:</p>
<p>Resistance Levels: $0.900, $0.950, $1.000</p>
<p>Support Levels: $0.550, $0.500, $0.450</p>
<figure id="attachment_535156" aria-describedby="caption-attachment-535156" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-535156 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024.png" alt="Ethena Price Prediction for Today, June 11 – ENA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-535156" class="wp-caption-text">
  ENAUSD – 4-Hour Chart
 </figcaption>
</figure>
<p>At the early hours of today, <a href="https://coinmarketcap.com/currencies/ethena/" rel="noopener noreferrer nofollow">ENA/USD</a> touched a high of $0.728 and now retreating below the 9-day and 21-day moving averages. The Ethena price has been moving down slowly at the time of writing. Meanwhile, the psychological barrier of $0.730 still serves as the first important resistance within the market and a sustainable move above this level may likely push the price towards the daily high at $0.800.</p>
<h2 id="ethena-price-prediction-ena-price-may-consolidate-to-the-downside">Ethena Price Prediction: ENA Price May Consolidate to the downside</h2>
<p>On the intraday chart, the Ethena price breaks toward the downside, which may increase the selling pressure. At the time of writing, the price is hovering at the support level of $0.713 and if this is cleared, the sell-off may be extended to $0.700 which is below the moving averages. However, the dips to $0.650 are likely to be bought, which means the overall bullish sentiments may prevail.</p>
<p>Moreover, if the price moves below the mentioned support, $0.600 may come into focus which may serve as support during the consolidation period while the critical supports could be located at $0.550, $0.500, and $0.450. On the upside, the first resistance may come at $0.750. Once it is clear, $0.800 could come back into focus. Further bullish movement may hit the potential resistance levels at $0.900, $0.950, and $1.000 as the 9-day MA remains below the 21-day MA.</p>
<h2 id="ena-usd-short-term-trend-bearish-2h-chart">ENA/USD Short-term Trend: Bearish (2H Chart)</h2>
<p><a href="https://insidebitcoins.com/news/ethena-price-prediction-ena-is-top-trending-after-sec-approves-ethereum-etfs-and-experts-say-consider-this-rampant-ico-for-100x-gains" rel="noopener noreferrer nofollow">ENA/USD</a> on a 2-hour chat is currently moving bearishly as the coin touches the low of $0.706. On the flip side, if $0.700 remains unconquered in the short term, bullish influence could spike. In this case, the accrued gains could be trimmed massively.</p>
<figure id="attachment_535155" aria-describedby="caption-attachment-535155" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-535155 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024.png" alt="Ethena Price Prediction for Today, June 11 – ENA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-535155" class="wp-caption-text">
  ENAUSD – 2-Hour Chart
 </figcaption>
</figure>
<p>On the downside, the ultimate target is the support at $0.850 and below. For now, the best the bulls can do is to hold above the weak support at $0.706 and keep their attention on breaking toward the resistance at $0.600 and above. Meanwhile, the 9-day moving average keeps hovering below the 21-day moving average, which may suggest more bearish signals.</p>
<p>On that note, @waltzcson advised his X (formerly Twitter) followers that $ENA is currently retesting the main imbalance gap he highlighted last week. This presents a favorable opportunity to allocate additional capital from this demand area towards $0.6, if the price action allows. Don’t underestimate $ENA; failure to buy during this cycle could lead to regrets later on.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a> 1D.</p>
 <p>Back retesting to the main imbalance gap that i've told last week.</p>
 <p>good area to positioning more capital from this demand area to $0.6 if it's possible to reach that price action.</p>
 <p>don't ever fade on <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a>, you'll regret if you didn't buy any ena this cycle. <a href="https://t.co/2NNDhhycxf" rel="noopener noreferrer nofollow">https://t.co/2NNDhhycxf</a> <a href="https://t.co/DMuG7nc9mS" rel="noopener noreferrer nofollow">pic.twitter.com/DMuG7nc9mS</a></p>
 <p>— Waltzcson (@waltzcson) <a href="https://twitter.com/waltzcson/status/1800393157399703957?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="ethena-alternatives">Ethena Alternatives</h2>
<p>The price of Ethena remains stable within a defined range, indicating growing buyer momentum aiming for the $0.718 resistance level. Maintaining confidence in the recovery phase is paramount, with a target of $0.720 within reach. Meanwhile, Ethena (ENA) stands out for its stability, boasting a $1 billion market cap. On the other hand, the <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">PlayDoge</a> presale phase has garnered over $3.8 million, with its small market cap, it is promising investors steady returns and ample growth opportunities.</p>
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<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/ethena-price-prediction-as-ena-falls-2-and-investors-rush-to-buy-this-green-ai-crypto-offering-an-83-apy" rel="noopener noreferrer nofollow">Ethena Price Prediction As ENA Falls 2% And Investors Rush To Buy This Green AI Crypto Offering An 83% APY</a></li>
 <li><a href="https://insidebitcoins.com/news/3-low-cap-crypto-presales-to-watch-this-bull-run-seal-play-and-wai" rel="noopener noreferrer nofollow">3 Low Cap Crypto Presales to Watch This Bull Run – $SEAL, $PLAY, and $WAI</a></li>
</ul>

Ethena Price Prediction for Today, June 11 – ENA Technical Analysis

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