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Ethena is expected to reach $1.14 by January 29, 2025

Ethena price is expected to reach $1.14 by January 29, 2025

Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services or other content provided on this page does not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.

  • Ethena stock rose 7.53% today against the US dollar
  • ENA/BTC rose 5.15% today
  • Ethena is currently trading 20.96% below our January 29, 2025 forecast
  • Ethena is down -13.50% in the past month and is up 59.26% one year ago.
Athena price $0.899836
Athena predictions $1.14 (31.58%)
Feelings bearish
Fear and Greed Index 75 (greed)
Key support levels $0.815024, $0.781020, $0.756296
Key resistance levels $0.873751, $0.898475, $0.932479

ENA price is expected to rise by 31.58% over the next 5 days according to our Ethena price forecast.

It is trading at $0.899836 after gaining 7.53% over the past 24 hours. The coin has outperformed the cryptocurrency market, with the total cryptocurrency market capitalization increasing by 7.54% in the same time period. ENA performed well against BTC today and posted a 5.15% gain against the world’s largest cryptocurrency.

According to our Ethena price forecast, the ENA price is expected to reach $1.14 by January 29, 2025. This will represent an ENA price increase of 31.58% in the next five days.

ENA price forecast chart

Buy/Sell Athens

What happened with Athens in the last 30 days

Ethena has shown a negative trend recently, with the coin losing -13.50% in the last 30 days. The medium-term trend for Ethena has been bullish, with ENA rising 150.98% in the past three months. The long-term picture for Ethena has been positive, with ENA currently showing a price change of 59.26% for one year. On this day last year, ENA was trading at $0.564995.

Ethena reached its all-time high price on April 11, 2024, when the ENA price peaked at $1.52. The current ENA session high is $1.33, while the current session low is $0.196105. ENA has shown high volatility recently – the currency’s one-month volatility was 11.62. Athens has recorded 13 green days in the last 30 days.

Technical analysis of Ethena for today – January 24, 2025

Sentiment in Ethena markets is currently bearish, and the Fear and 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 major resistance levels.

Bearish sentiment for Athena

10 indicators currently indicate a bullish outlook for Ethena, while 13 indicators indicate a bearish outlook. With 57% of indicators supporting the negative prediction. This results in a total bearish Feelings for Athena.

The cryptocurrency market is currently experiencing greed

Currently, the Fear and Greed Index is at 75 (greed)Which indicates that investors have a positive outlook on the market. The Fear and Greed Index is a measure of sentiment among cryptocurrency investors. A “greed” reading indicates that investors are currently bullish on the cryptocurrency market, but it could also be a signal that the market is overvalued. On the other hand, a reading of “Fear” indicates that investors are currently hesitant about the cryptocurrency market, which likely represents a buying opportunity.

Moving averages and oscillators in Athens

Let’s take a look at what some of the most important technical indicators indicate. We will go through the moving averages and key oscillators that will allow us to get a better idea of ​​how Ethena is positioned in the market at the moment.

a period Simple daily Daily exponential Simple weekly Weekly Exponential
MA3 $0.906013 (He sells) $0.874812 (He buys)
MA5 $0.911968 (He sells) $0.896793 (He buys)
MA10 $0.966922 (He sells) $0.945343 (He sells)
MA21 $0.969486 (He sells) $0.980962 (He sells) $0.062622 (He buys) $0.639116 (He buys)
MA50 $0.988211 (He sells) $0.923022 (He sells)
MA100 $0.752689 (He buys) $0.784606 (He buys)
MA200 $0.548053 (He buys) $0.668215 (He buys)
a period value an act
Relative Strength Index (14) 45.96 neutral
Stoch Indicator (14) 65.71 neutral
Fast Stochastic Indicator (14) 46.36 neutral
Commodity Channel Index (20) -66.67 neutral
Average trend indicator (14) 11.95 neutral
Cool Oscillator (5, 34) -0.09 neutral
Momentum (10) -0.02 He sells
MACD (12, 26) -0.01 neutral
Williams Percent Range (14) -53.64 neutral
Final oscillator (7, 14, 28) 42.61 neutral
Fiuma (10) 0.89 He sells
Moving Average Hull (9) 0.89 He sells
Ichimoku Cloud B/L (9, 26, 52, 26) 1.02 neutral

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, indicating that the ENA is currently neutral.

The 50-day simple moving average (SMA 50) takes into account Ethena’s closing price over the past 50 days. Currently, Ethena is trading above the 50 SMA trend line, which is a bullish signal.

Meanwhile, the 200-day simple moving average (SMA 200) is a long-term trend line that is calculated by taking the average closing price of the ENA for the last 200 days. ENA is now trading below the 200 simple moving average, indicating that the market is currently bearish.

Bottom line about this prediction for Athena

After considering the above factors, we can conclude that the current ETH price forecast is: bearish. ENA would need to increase by 31.58% to reach our target of $1.14 over the next five days. Going forward, it will be important to monitor ENA market sentiment, key support and resistance levels, and other metrics. However, we have to keep in mind that cryptocurrency markets are unpredictable, and even the largest cryptocurrency assets exhibit a lot of price fluctuations. For a long-term forecast for Athena prices click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. Any information, materials, services or other content provided on this page does not constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional advice in the form of legal, financial and tax advice before making any investment decision.

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