Ethena Price Halted Near Key Support Level, Can it Rebound to $1?

Ethena's price has been under immense selling pressure since 2025 and has fallen below its key moving averages. However, this bearish trend seems to have halted near the $0.070 level, which could attract buyers. If strong bullish momentum emerges in this territory, it could potentially lift the price to the psychological level of $1.

The token's price action reflects a market at a crucial crossroads. While the broader trend since 2025 has remained bearish, with ENA trading well below its key moving averages, the recent defense of the $0.070 support zone alongside a weekly RSI bullish divergence hints that seller momentum may be fading in this territory.

A decisive close on the daily timeframe above the 100-day EMA would be the first meaningful signal that buyers are regaining control, opening the path toward the 200-day EMA and the $0.140 resistance zone. Only a sustained breakout beyond this zone would put the psychological $1 mark realistically back on the radar.