2024

AI Crypto

Green

Ethena

<p>The Ethena price prediction resumes the decline after touching the daily high at $0.728, but the buying interest may increase on approach to $0.730.</p>
<h2 id="ethena-ena-price-forecast-amidst-a-dip-in-crypto-fear-and-greed-index">Ethena (ENA) Price Forecast Amidst a Dip in Crypto Fear and Greed Index</h2>
<p>ENA has experienced declines for eight consecutive days, setting a record for its longest losing streak. It dropped to a low of $0.07400 on Tuesday, marking its lowest point since May 20th. The cryptocurrency has shed over half of its value from its peak earlier this year.</p>
<h2 id="ethena-prediction-statistics-data">Ethena Prediction Statistics Data:</h2>
<ul>
 <li>Ethena price now – $0.713</li>
 <li>Ethena market cap – $1 billion</li>
 <li>Ethena circulating supply – 1.5 billion</li>
 <li>Ethena total supply – 15 billion</li>
 <li>Ethena Coinmarketcap ranking – #73</li>
</ul>
<h2 id="ena-usd-medium-term-trend-bearish-4h-chart">ENA/USD Medium-term Trend: Bearish (4H Chart)</h2>
<p>Key levels:</p>
<p>Resistance Levels: $0.900, $0.950, $1.000</p>
<p>Support Levels: $0.550, $0.500, $0.450</p>
<figure id="attachment_535156" aria-describedby="caption-attachment-535156" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-535156 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024.png" alt="Ethena Price Prediction for Today, June 11 – ENA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_4H_02062024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-535156" class="wp-caption-text">
  ENAUSD – 4-Hour Chart
 </figcaption>
</figure>
<p>At the early hours of today, <a href="https://coinmarketcap.com/currencies/ethena/" rel="noopener noreferrer nofollow">ENA/USD</a> touched a high of $0.728 and now retreating below the 9-day and 21-day moving averages. The Ethena price has been moving down slowly at the time of writing. Meanwhile, the psychological barrier of $0.730 still serves as the first important resistance within the market and a sustainable move above this level may likely push the price towards the daily high at $0.800.</p>
<h2 id="ethena-price-prediction-ena-price-may-consolidate-to-the-downside">Ethena Price Prediction: ENA Price May Consolidate to the downside</h2>
<p>On the intraday chart, the Ethena price breaks toward the downside, which may increase the selling pressure. At the time of writing, the price is hovering at the support level of $0.713 and if this is cleared, the sell-off may be extended to $0.700 which is below the moving averages. However, the dips to $0.650 are likely to be bought, which means the overall bullish sentiments may prevail.</p>
<p>Moreover, if the price moves below the mentioned support, $0.600 may come into focus which may serve as support during the consolidation period while the critical supports could be located at $0.550, $0.500, and $0.450. On the upside, the first resistance may come at $0.750. Once it is clear, $0.800 could come back into focus. Further bullish movement may hit the potential resistance levels at $0.900, $0.950, and $1.000 as the 9-day MA remains below the 21-day MA.</p>
<h2 id="ena-usd-short-term-trend-bearish-2h-chart">ENA/USD Short-term Trend: Bearish (2H Chart)</h2>
<p><a href="https://insidebitcoins.com/news/ethena-price-prediction-ena-is-top-trending-after-sec-approves-ethereum-etfs-and-experts-say-consider-this-rampant-ico-for-100x-gains" rel="noopener noreferrer nofollow">ENA/USD</a> on a 2-hour chat is currently moving bearishly as the coin touches the low of $0.706. On the flip side, if $0.700 remains unconquered in the short term, bullish influence could spike. In this case, the accrued gains could be trimmed massively.</p>
<figure id="attachment_535155" aria-describedby="caption-attachment-535155" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-535155 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024.png" alt="Ethena Price Prediction for Today, June 11 – ENA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/06/ENAUSD_2H_02062024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-535155" class="wp-caption-text">
  ENAUSD – 2-Hour Chart
 </figcaption>
</figure>
<p>On the downside, the ultimate target is the support at $0.850 and below. For now, the best the bulls can do is to hold above the weak support at $0.706 and keep their attention on breaking toward the resistance at $0.600 and above. Meanwhile, the 9-day moving average keeps hovering below the 21-day moving average, which may suggest more bearish signals.</p>
<p>On that note, @waltzcson advised his X (formerly Twitter) followers that $ENA is currently retesting the main imbalance gap he highlighted last week. This presents a favorable opportunity to allocate additional capital from this demand area towards $0.6, if the price action allows. Don’t underestimate $ENA; failure to buy during this cycle could lead to regrets later on.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a> 1D.</p>
 <p>Back retesting to the main imbalance gap that i've told last week.</p>
 <p>good area to positioning more capital from this demand area to $0.6 if it's possible to reach that price action.</p>
 <p>don't ever fade on <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ENA</a>, you'll regret if you didn't buy any ena this cycle. <a href="https://t.co/2NNDhhycxf" rel="noopener noreferrer nofollow">https://t.co/2NNDhhycxf</a> <a href="https://t.co/DMuG7nc9mS" rel="noopener noreferrer nofollow">pic.twitter.com/DMuG7nc9mS</a></p>
 <p>— Waltzcson (@waltzcson) <a href="https://twitter.com/waltzcson/status/1800393157399703957?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="ethena-alternatives">Ethena Alternatives</h2>
<p>The price of Ethena remains stable within a defined range, indicating growing buyer momentum aiming for the $0.718 resistance level. Maintaining confidence in the recovery phase is paramount, with a target of $0.720 within reach. Meanwhile, Ethena (ENA) stands out for its stability, boasting a $1 billion market cap. On the other hand, the <a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">PlayDoge</a> presale phase has garnered over $3.8 million, with its small market cap, it is promising investors steady returns and ample growth opportunities.</p>
<p>The Next GameFi Token Poised to Reach $1B Market Cap! Potential 1000X Returns!</p>
<p><iframe title="THIS IS THE NEXT GAMEFI TOKEN TO HIT $1B MC! 1000X HERE!" width="640" height="360" src="https://www.youtube.com/embed/DU6ch__uS-I?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>Seize the chance to invest in the PlayDoge token, the next big GameFi sensation set to reach a $1 billion market cap! With the incredible potential for 1000X returns, this is an unmissable opportunity for early investors to secure substantial gains. As PlayDoge gains momentum and attracts widespread attention, now is the perfect time to buy and position yourself for significant rewards.</p>
<p>You can benefit from&nbsp;<a href="https://insidebitcoins.com/visit/playdoge" rel="noopener noreferrer nofollow">PlayDoge</a>&nbsp;today.</p>
<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/ethena-price-prediction-as-ena-falls-2-and-investors-rush-to-buy-this-green-ai-crypto-offering-an-83-apy" rel="noopener noreferrer nofollow">Ethena Price Prediction As ENA Falls 2% And Investors Rush To Buy This Green AI Crypto Offering An 83% APY</a></li>
 <li><a href="https://insidebitcoins.com/news/3-low-cap-crypto-presales-to-watch-this-bull-run-seal-play-and-wai" rel="noopener noreferrer nofollow">3 Low Cap Crypto Presales to Watch This Bull Run – $SEAL, $PLAY, and $WAI</a></li>
</ul>

Ethena Price Prediction for Today, June 11 – ENA Technical Analysis

Table of Contents

Inside Bitcoins

Other articles published on Jun 11, 2024

BlockDAG’s 1120% Price Hike & $48.8M Presale Capture Investor’s Attention As Ethereum and Render ...

Should You Buy These 5 Altcoins Now or Wait for a Dip – Next 10X Potential Cryptos?

Ripple’s Strategic Moves Could Boost XRP Value, Analyst Says

MultiversX and eCornell Launch Blockchain Education Initiative

Is Dogecoin (DOGE) ETF Next? Famous Name Announces His Altcoin Portfolio!

Bitcoin Price Faces Crash Ahead of THESE 2 Events: Key Levels to Watch

Join our free newsletter for daily crypto updates!