ENA Price Prediction 2025: Will ENA Rise by 31.58% to Hit $1.14 Target?

ENA price is expected to rise by 31.58% in the next 5 days according to our Ethena price prediction is trading at $0.899836

The price of Ethena (CRYPTO:ENA) is showing a positive trend and might reach a price of $1.14 by Jan 29, 2025, according to our Ethena price prediction. This would represent a 31.58% price increase for ENA in the next 5 days.

What has been going on with Ethena in the last 30 days

Ethena has been displaying a negative trend recently, as the coin lost -13.50% in the last 30-days. However, the coin recovered some of its losses in the last 30 days, as ENA went up by 7.53% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.54% in the same time period.

ENA performed well against BTC today and recorded a 5.15% gain against the world’s largest cryptocurrency.

According to our Ethena price prediction, ENA is expected to reach a price of $1.14 by Jan 29, 2025. This would represent a 31.58% price increase for ENA in the next 5 days.

The sentiment in the Ethena markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $0.815024, $0.781020 and $0.756296, while $0.873751, $0.898475 and $0.932479 are the key resistance levels.

Bearish sentiment for Ethena

10 indicators are currently signaling a bullish prediction for Ethena, while 13 indicators are showing a bearish forecast. With 57% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Ethena.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 75 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Ethena moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Ethena is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Ethena is at 45.96, suggesting that ENA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Ethena over the last 50 days. Currently, Ethena is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ENA closing price for the last 200 days. ENA is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Ethena prediction

After considering the above factors, we can conclude that the current forecast for Ethena price prediction is Bearish. ENA would have to increase by 31.58% to hit our $1.14 target within the next five days. Moving forward, it will be important to monitor the ENA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility.

For long-term Ethena price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.