Crypto
Ethena Crypto's Bearish Outlook Reinforced by Compressed Bollinger Bands
The broader crypto market is putting pressure on altcoins, and Ethena crypto ($ENA) is feeling the squeeze. As of July 31, 2026, $ENA trades at $0.08 with a daily RSI of 48.6 and MACD flat at zero across all readings.
The Fear & Greed Index has dropped to 25, deep within Extreme Fear territory, while Bitcoin's dominance holds above 56%. Bollinger Bands are fully compressed across daily, hourly, and 15-minute timeframes, signaling an imminent volatility expansion.
The implosion of the Aschenbrenner AI hedge fund, which lost most of its $45 billion valuation, has rattled broader risk appetite. The 200-day EMA sits at $0.14, nearly 75% above current price, reinforcing the bearish structural outlook.