Ethena is Trading -19.23% Below Our Price Prediction for Dec 04, 2024

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.

• Ethena is up 4.71% today against the US Dollar
• ENA/BTC increased by 2.72% today
• ENA/ETH increased by 5.52% today
• Ethena is currently trading 19.23% below our prediction on Dec 04, 2024
• Ethena gained 84.90% in the last month and is up 30.22% since 1 year ago

ENA price is expected to rise by 29.83% in the next 5 days according to our Ethena price prediction

Ethena price today is trading at $ 0.735731 after gaining 4.71% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.96% in the same time period. ENA performed well against BTC today and recorded a 2.72% gain against the world’s largest cryptocurrency.

According to our Ethena price prediction, ENA is expected to reach a price of $ 0.910947 by Dec 04, 2024. This would represent a 29.83% price increase for ENA in the next 5 days.

ENA Price Prediction Chart

Buy/Sell Ethena

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

Ethena has been displaying a positive trend recently, as the coin gained 84.90% in the last 30-days. The medium-term trend for Ethena has been bullish, with ENA increasing by 204.80% in the last 3 months. The long-term picture for Ethena has been positive, as ENA is currently displaying a 30.22% 1-year price change. On this day last year, ENA was trading at $ 0.564995.

Ethena reached its all-time high price on Apr 11, 2024, when the price of ENA peaked at $ 1.52. The current ENA cycle high is $ 0.761020, while the cycle low is at $ 0.196105. ENA has been displaying high volatility recently – the 1-month volatility of the coin is at 20.84. Ethena recorded 17 green days in the last 30 days.

Ethena technical analysis for today - Nov 29, 2024

The sentiment in the Ethena markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.679735, $ 0.646382 and $ 0.606522, while $ 0.752948, $ 0.792809 and $ 0.826161 are the key resistance levels.

Bullish sentiment for Ethena

23 indicators are currently signaling a bullish prediction for Ethena, while 2 indicators are showing a bearish forecast. With 92% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Ethena.

Crypto market is currently experiencing Extreme Greed

Currently, the Fear & Greed index is at 78 (Extreme 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 68.29, 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 below the SMA 50 trendline, which is a bearish 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 Bullish. ENA would have to increase by 29.83% to hit our $ 0.910947 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.