- Ena tested important support at $ 0.4847, with potential resistance levels at $ 0.5126 and $ 0.5657.
- An increase in new addresses suggested an increasing trust of investors, to support the potential rebound of ENA.
Ethena [ENA] has recently shown signs of a potential reversal because the TD sequential indicator flashed several purchase signals on the 4-hour graph, which indicates a possible change in Momentum.
At the time of the press, ENA traded at $ 0.4882, which reflects a decrease of 10.81% in the last 24 hours.
The price has experienced a significant decrease, but technical analysis indicates that a potential rebound could be in the cards.
Price promotion and important resistance levels: Can Ethena Breakthrough?
The ENA price action has been under pressure and recently break through various support levels. Token is currently testing a critical level of support near $ 0.4847, an important price base.
If this level applies, ENA can reverse its downward trend and aim the key resistance levels at $ 0.5126 and $ 0.5657.
However, if ENA does not mean this support, this can further consolidate or experience further disadvantage.
Source: TradingView
Peak in addresses: What stimulates the question?
Ena has seen an increase in the number of addresses that hold token. In the past week, new addresses that ENA owns have increased with 238.94%, which demonstrates the growing interest in token.
Active addresses have also risen by 97.84%, indicating that investors hold their positions instead of acting often. This increase in addresses can offer long -term support for ENA at lower price levels.
It suggests that the trust of investors is increasing despite the current downward trend.
Source: Intotheblock
Transaction statistics: Insights into market activity
Looking at the transaction statistics, there is a noticeable shift in the transaction volume in different price reaches.
The majority of transactions take place between $ 0.00 and $ 1K, indicating that smaller investors actively participate.
Interestingly, the volume of transactions for higher amounts has considerably decreased, which may indicate a lack of larger investor interest rate at the current price.
This can mean that the price of ENA is supported by retail traders, but institutional involvement is limited for the time being.
Source: Intotheblock
How are ENA investors positioned?
The in/out of the money graph reveals that a majority of addresses are currently in profitable positions, with 69.66% of the holders in the money.
However, 10.18% of investors are still outside the money, which indicates a considerable amount of resistance to the bow. Therefore, if the price of the currency is approaching the range from $ 0.5126 to $ 0.5657, it can be confronted with sales pressure, because these investors even want to break.
Source: Intotheblock
Will Ena be back or continue his downward trend?
Ena has the potential to return if it can keep support at the current levels and break key resistance.
The positive increase in new addresses, in combination with the recent purchase signals of the TD sequential indicator, suggests a possible advantage.
Read Ethena’s [ENA] Price forecast 2025-26
That is why ENA could see a reversal to $ 0.5126 and continue to pick up the momentum. However, traders must remain careful because not -to maintain support can lead to further disadvantage.
