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Ethena ($ENA) Crypto Forecast: Down 5.0% Today

Morpher AI identified a bearish signal. The crypto price may continue to fall based on the momentum of the negative news.

What is Ethena?

Asset ENA is a cryptocurrency token that operates within the decentralized finance (DeFi) ecosystem and is built on the Ethereum network. It has been experiencing price fluctuations recently in response to market dynamics.

Why is Ethena going down?

ENA crypto is down 5.0% on Aug 5, 2025 3:55

  • ENA had a strong bearish movement due to a 15% drop below its recent peak of $0.70, reflecting a slump in funding rates and open interest.
  • Despite the broader market gains in the cryptocurrency space, ENA's decline indicates specific challenges within its ecosystem.
  • The bearish movement of ENA could also be influenced by a capital shift from Bitcoin to other altcoins, as mentioned in updates about altcoins gaining traction.
  • The steady demand for DeFi tokens may have supported ENA's price in the past, but the recent drop suggests a shift in investor sentiment or market conditions impacting the token negatively.

ENA Price Chart

ENA Technical Analysis

ENA News

Top Crypto Gainers: Ethena, Conflux, Stellar signal bullish reversal with double-digit gains

Ethena (ENA), Conflux (CFX), and Stellar (XLM) edge higher at press time on Monday, adding gains over the Sunday rise to outpace the broader cryptocurrency market in the last 24 hours.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-ethena-conflux-stellar-signal-bullish-reversal-with-double-digit-gains-202508040321

0 News Article Image Top Crypto Gainers: Ethena, Conflux, Stellar signal bullish reversal with double-digit gains

Ethena Price Forecast: ENA leads crypto recovery amid steady DeFi TVL

Ethena (ENA) price posts one of the strongest rebounds among major cryptocurrencies on Monday, underpinned by a strong Decentralized Finance (DeFi) ecosystem and steady retail demand.

https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-ena-leads-crypto-recovery-amid-steady-defi-tvl-202508041310

1 News Article Image Ethena Price Forecast: ENA leads crypto recovery amid steady DeFi TVL

Top Crypto Gainers: Pump.fun, Ethena, Sonic emerge as frontrunners

Altcoins gain traction, following the recovery in Ethereum (ETH) and a capital shift from Bitcoin (BTC) to other cryptocurrency avenues. Pump.fun (PUMP), Ethena (ENA), and Sonic (S) led the broader market gains over the last 24 hours, hinting at an extended uptrend.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-gainers-pumpfun-ethena-sonic-emerge-as-frontrunners-202507310653

2 News Article Image Top Crypto Gainers: Pump.fun, Ethena, Sonic emerge as frontrunners

Ethena Price Forecast: ENA's 15% drop mirrors funding rates and open interest slump

Ethena (ENA) price remains suppressed for two consecutive days, trading at $0.60 at the time of writing on Tuesday. The synthetic dollar protocol built on Ethereum (ETH) has extended the decline 15% below its recent peak of $0.70.

https://www.fxstreet.com/cryptocurrencies/news/ethena-price-forecast-enas-15-drop-mirrors-funding-rates-and-open-interest-slump-202507291248

3 News Article Image Ethena Price Forecast: ENA's 15% drop mirrors funding rates and open interest slump

Ethena Price History

13.05.2025 - ENA Crypto was down 14.3%

  • ENA's bearish movement can be attributed to the overall risk-off sentiment in the cryptocurrency market following Bitcoin's decline below $103,000.
  • The confirmation of attacks on Iran's nuclear sites by Israel likely heightened market uncertainty, leading to profit booking and a sell-off of altcoins like ENA.
  • Investors may have shifted towards more stable assets like Bitcoin, causing a downward pressure on ENA and other altcoins.
  • The market movement of ENA today reflects the interconnected nature of the cryptocurrency market, where external geopolitical events can impact digital asset prices significantly.

30.05.2025 - ENA Crypto was down 5.2%

  • The bearish movement in ENA today could be attributed to the anticipation and uncertainty surrounding the significant token unlock scheduled for this week.
  • Investors might be selling off their ENA holdings in fear of potential dilution or increased supply once the tokens are unlocked, leading to downward pressure on the token's price.
  • The market sentiment towards ENA may have turned bearish as traders brace themselves for the potential impact of the unlocked tokens on the token's value in the coming days.

22.06.2025 - ENA Crypto was down 5.6%

  • ENA's bearish movement occurred despite positive news of an upcoming $360 million ENA treasury launch by StablecoinX Inc, typically a bullish catalyst.
  • Other cryptocurrencies like CFX and DOGE performed strongly with double-digit gains and significant positive developments, possibly diverting investor attention from ENA and contributing to the bearish movement.
  • Market sentiment towards ENA may have been influenced by factors beyond recent news, including broader market trends or profit-taking by traders following recent cryptocurrency sector gains.

12.06.2025 - ENA Crypto was down 5.9%

  • Despite recent bullish movements due to a listing and partnership, ENA saw a strong bearish movement today.
  • The bearish trend could be a result of profit-taking by traders who had benefited from the previous bullish streak.
  • Market sentiment may have shifted due to external factors impacting the overall cryptocurrency market, leading to the downturn in ENA's price.
  • Traders should closely monitor any upcoming developments or news that could potentially reverse the current bearish trend in ENA.

29.06.2025 - ENA Crypto was down 11.0%

  • The bearish movement in ENA today could be attributed to the funding rates and open interest slump, indicating a lack of bullish momentum.
  • Despite the previous bullish rally and positive news such as partnerships and new developments, the market sentiment seems to have shifted, leading to the 15% drop in ENA's price.
  • Investors might be taking profits after the recent gains, causing a temporary pullback in ENA's price.
  • It is essential to monitor the market conditions closely to gauge whether this bearish movement is a short-term correction or a more prolonged trend reversal.

25.06.2025 - ENA Crypto was up 9.6%

  • ENA surged by over 20% following a partnership announcement with Anchorage Digital and the launch of its USDtb stablecoin. This positive news likely attracted more investors to the token.
  • The news of a merger with StablecoinX Assets to form StablecoinX Inc. and the launch of a $360 million ENA treasury also contributed to the bullish momentum of ENA.
  • The overall bullish sentiment in the cryptocurrency market, as seen with other tokens like CFX and DOGE recording double-digit gains, further supported ENA's upward movement.
  • The market seems to be reacting positively to the strategic partnerships and developments surrounding ENA, driving the token's price higher amidst a favorable crypto market environment.

21.06.2025 - ENA Crypto was up 10.1%

  • ENA and other cryptocurrencies, including DOGE, experienced significant gains.
  • Positive market sentiment, especially driven by the strong performance of tokens like CFX preceding key events such as Mainnet releases, likely influenced ENA's increase.
  • Anticipation surrounding upcoming cryptocurrency events and developments may have attracted investors to ENA.
  • Increased investor confidence in ENA's potential could have heightened demand, thus driving its price surge.

29.06.2025 - ENA Crypto was down 8.1%

  • Despite the recent bullish trend in ENA, today the token experienced a strong bearish movement.
  • The bearish movement could be attributed to profit-taking by investors who had benefited from the previous price increases.
  • It is possible that market sentiment shifted due to external factors impacting the overall cryptocurrency market, leading to a downturn in ENA's price.
  • Traders might be reevaluating their positions in ENA following the recent price surge, causing a temporary dip in the token's value.

04.07.2025 - ENA Crypto was up 7.2%

  • ENA experienced a strong bullish movement today, surpassing the broader cryptocurrency market performance.
  • The rise in ENA's value and significant gains are linked to the DeFi sector's overall recovery and consistent retail interest.
  • The transfer of capital from Bitcoin to various altcoins, including ENA, played a role in driving its price surge.
  • Despite a recent decrease of 15%, ENA's ability to hold firm and stabilize near a six-month peak suggests the potential for continued growth, underpinned by positive market sentiment and a bullish uptrend.

31.06.2025 - ENA Crypto was up 13.3%

  • ENA's uptrend is linked to its recent collaboration with Anchorage Digital to introduce the USDtb stablecoin through the GENIUS framework, potentially increasing investor confidence in ENA's growth prospects.
  • The acquisition of 2 million ENA tokens by Arthur Hayes may have further bolstered the positive momentum by showcasing support from a well-known figure in the cryptocurrency industry.
  • Additionally, ENA's steady price appreciation and reaching a nearly six-month peak have garnered more interest from investors, leading to heightened buying activity and driving up the token's price.
  • The optimistic market sentiment towards alternative cryptocurrencies, as evidenced by gains in tokens such as Pump.fun and Sonic, has created a conducive atmosphere for ENA to thrive and draw in more investors looking beyond conventional digital assets like Bitcoin and Ethereum.

05.07.2025 - ENA Crypto was down 5.0%

  • ENA had a strong bearish movement due to a 15% drop below its recent peak of $0.70, reflecting a slump in funding rates and open interest.
  • Despite the broader market gains in the cryptocurrency space, ENA's decline indicates specific challenges within its ecosystem.
  • The bearish movement of ENA could also be influenced by a capital shift from Bitcoin to other altcoins, as mentioned in updates about altcoins gaining traction.
  • The steady demand for DeFi tokens may have supported ENA's price in the past, but the recent drop suggests a shift in investor sentiment or market conditions impacting the token negatively.

01.07.2025 - ENA Crypto was down 5.2%

  • ENA experienced a significant drop of 15% below its recent peak of $0.70 in today's trading session.
  • Factors such as funding rates and open interest decline may have played a role in the price decline of ENA.
  • Despite the recent decline, ENA had shown bullish momentum reaching a near six-month high, suggesting the possibility of further price increases.
  • The overall market trend of altcoins gaining popularity, especially after a shift in investment from Bitcoin to other cryptocurrencies, could have also impacted the movement of ENA.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.