• Ethena (ENA) faces sharp declines, slipping 13.62% over the past week.
• Analysts see potential bounce if key Fibonacci support holds.
• Forecasts remain divided, ranging from $0.49 to $1.37 in 2025.

Ethena (ENA) is currently trading at $0.6277, down by 0.62% within the last 24 hours. Volumes have also dropped, with the last day registering $416.41 million, a significant 30.5% fall from earlier levels. In the last seven days, the price of ENA has declined by 13.62% as a reflection of investor apprehension amid mixed sentiment across the wider markets.

ENA is nearing its short-term lows, according to tracker data for the market, while raising considerations over whether it might maintain the current support area. Though lower in recent days, technical analysts cite potential for a bounce-back in the event some thresholds are maintained.

Technical Indicators Signal ENA’s Next Move

According to crypto analyst CryptoPulse, ENA’s recent weakness stems from a rejection at the 0.5 Fibonacci retracement level. It has maintained upside progress in check, prompting the recent correction, but CryptoPulse insists that support at this point could be the key to a bounce, aiming for the $0.83–$0.97 target in the weeks to come.

Technicians point out that Ethena is still at a crucial turning point. If it is not able to hold up above support levels, bearish strength may be intensified. Alternatively, if stability continues, ENA could recapture investor interest and regain some of the lost territory.

Such uncertainty reflects the wider volatility within the digital currency space, in which short-term technical indicators frequently determine swift price moves.

Also Read | Ethena (ENA) Price Prediction 2025: Will It Hit $1.61 or Slide to $0.50?

Ethena Could Revisit Previous High of $1.52

DigitalCoinPrice is bullish for a V-shaped bounce, with expectations that ENA might go over $1.37 by year’s end. The platform predicts that Ethena could even go up to its earlier highest level of $1.52, ranging at $1.31 to $1.37 as sentiment in the marketplace becomes better.

Coincodex presents a more bearish outlook. According to its model, by August 2025, ENA may go down to $0.495125, with a price range of $0.435721 to $0.623647 for trading. Such a situation could translate into a possible 30.55% short-term return on investment (ROI) for those trading against the token.

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