- Ethena (ENA) broke below the $0.6150–$0.6200 support zone, reinforcing ongoing bearish market pressure.
- Analysts are tracking $0.5650 and $0.5200–$0.5150 as the next critical support levels.
- ENA continues to trade under its main descending trendline, limiting chances of a short-term rebound.
Ethena (ENA) still encountered downward pressure in the recent sessions, falling beneath the existence of critical support areas that once had bullish anticipated results. The stock is currently down to $0.6069, a decrease of 1.26 in the last 24 hours. This move follows the inability of ENA to support the level of 0.6150 to 0.6200 which had served as a key support zone in the past. The lack of a robust bullish response at this point implies that they may continue to fall.
Price Slips Below Key Support
The breach below $0.6150–$0.6200 has reinforced the existing downtrend line that continues to guide price movement. Notably, sellers have maintained control as the market has yet to show signs of reversal.
Current trading data shows ENA with a market capitalization of $4.18 billion, alongside a 24-hour trading volume of $362.5 million, reflecting a sharp 27.37% drop in activity. This reduction in volume highlights the fading short-term participation, adding weight to ongoing bearish conditions.
Lower Targets Gain Attention
With ENA struggling to recover, analysts are tracking new support levels that could define the next stages of market direction. The nearest target is $0.5650 that will be the nearest target in the event of bearish pressure.
$ENA – price update:
— 🧙 Crypto_Jobs🧙♂️ TA & FA 🎯 (@CryptoJobs3) September 24, 2025
Few days ago I shared this beautifull short setups while most of you were still bullish! 🔥
The current bear pressure is strong and price is still sitting under the main downtrend!
The current price also broke underb the 0.6150 – 0.6200$ support without… pic.twitter.com/diI14XjY5J
The more general support level, between $0.5200 and $0.5150, is of specific significance as the ability to remain stable will potentially allow continuing the long-term bullish trend. In case these levels are not supported, further downside areas are at $0.4800 and $0.4500-$0.4550 indicating where there is a possibility of risk in the case of further weakness.
Market Outlook Under Downtrend
Despite fluctuations within intraday trading, ENA has consistently remained under its primary descending trendline. This technical structure has limited any attempt at recovery, keeping the token in a defined bearish channel. The ongoing trend has also aligned with broader selling pressure across the market, leaving investors focused on whether ENA can find support in the coming sessions. Until then, the outlined levels provide the clearest guidance for monitoring possible future movements.
