Jakarta, Pintu News – On August 15, Ethena (ENA) was trading at $0.7334, a decrease of 4.48% today. ENA trading activity increased, with 24-hour trading volume up 22.25% to $1.52 billion.
ENA has recorded a gain of 18.61% in the last seven days and closed near its seven-day average at $0.7347.
The price drop came after ENA experienced rejection around the price of $0.83, which is a key technical level representing the 0.5 Fibonacci retracement level.
According to analysts, this rejection could lead to further consolidation or even retracement if buyers fail to hold critical support.
Cryptocurrency analysts, CryptoPulse, have identified the $0.60-$0.55 range as a key support zone for Ethena in the short term.
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If the price stays above this level, it could open up the opportunity to retest the $0.83 resistance to the upside. If this level is broken, the price could move towards $0.97, which is in line with the 0.618 Fibonacci level.
On the other hand, a clear drop below $0.60 could make this asset vulnerable to further losses, potentially reversing the recent price gains.
The technical perspective highlights the importance of market sentiment and momentum in determining the direction of ENA’s price movement in the coming weeks.
According to predictions from DigitalCoinPrice, Ethena crypto may continue to rise and even surpass its previous all-time high of $1.52, with the possibility of reaching $1.54 to $1.61 by the end of 2025.
Read also: Why Are BTC and ETH Dropping Today (August 15)? Here’s What’s Behind the Crypto Decline
This requires healthy market conditions and continued investor optimism.
However, Coincodex projects that the price of Ethena crypto will drop to around $0.57 by August 2025, with a price range between $0.50 to $0.71. This would create a bearish month, and speculators who bet on the price drop would probably make a profit of about 31.61% on the current price.
This stark difference in predictions shows the high level of uncertainty in the crypto market, where prices are largely influenced by volatility, economic conditions, and news from the crypto world.
With a clear resistance level in place and a large divergence in predictions, the price of the Ethena crypto will most likely depend on whether it is able to hold its short-term support and on the overall crypto market trend.
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