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Ethena drops 12.6% after a strong rally, signaling a possible market pullback amid high trading volumes.

Technical Signals
13 Oct 2026
AMBCrypto
View Source
Neutral
Ethena drops 12.6% after a strong rally, signaling a possible market pullback amid high trading volumes.

Ethena (ENA) fell 12.6% in 24 hours following a sharp 118% rally over two weeks, with trading volume up 37% and open interest down 16%, indicating traders are taking profits. Despite the pullback to around $0.20, the overall bullish price structure remains intact, supported by steady volume and positive trend indicators. A key support zone near $0.19 may be tested before a potential recovery, but a Bitcoin correction below $80k could weaken Ethena's bullish outlook. Investors should watch for a break above the descending trendline resistance as a sign of renewed buying strength.

Ethena (ENA) trades at Rp3.793 on Pluang as of Oct 14, 2026 02:21 WIB, down 1.40% in the last day with a market cap of Rp50.29 trillion and 24-hour volume of Rp11.14 trillion. The platform shows a high sell order activity at 72%, reflecting cautious sentiment among traders despite the recent price volatility. This data provides a current snapshot of ENA's market dynamics as it navigates the price fluctuations mentioned in the news.

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