After a marked period of downward trend since January 2025, the token Ethena (ENA) is showing encouraging signs of recovery this May.
Ethena (ENA) price is showing encouraging signs of recovery in May, especially after a marked period of downward trend since January 2025. The token recently recorded a significant intraday increase of 18% after establishing what seems to be a strong support around the $0.25500 level.
At the time of writing, ENA was trading around $0.4308, with a daily trading volume increasing by 59%, which signifies heightened buying and selling activity.
Several technical indicators support the thesis of a potential trend reversal for Ethena:
Key Support and Resistance Levels to Watch
For traders and investors following ENA, several key levels are worth monitoring:
The technical analysis of Ethena (ENA) suggests a potential trend reversal may be underway, with several indicators pointing towards a resumption of bullish momentum.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
