Ethena (ENA) has fallen from $0.26 to around $0.219 after a reported $3.45 million token sale by the team and significant protocol outflows totaling about $104 million. The price drop pushed ENA below its 20-day EMA, signaling weaker momentum, while the Relative Strength Index (RSI) neared a neutral but declining level. These factors put the $0.20 support level at risk, with further declines possible if selling pressure continues, though a rebound above the 20-day EMA could lead to recovery toward $0.25.
As of Oct 08, 2026 17:21 WIB, Ethena (ENA) trades at Rp3.929 on Pluang, down 6.32% over the past day. The platform shows a market cap of Rp53.16 trillion and a 24-hour trading volume of Rp7.11 trillion. Despite the recent reported token sale and outflows, Pluang users currently place 77% of their orders to buy ENA, with a typical holding period of 44 days, indicating some investor interest remains.
ENA token fell 6.57% to about $0.219 on Oct. 8 as net withdrawals from the Ethena protocol reached $104.08 million, the largest since July. The token traded below its 20-day moving average, with a neutral RSI of 50.64. These withdrawals indicate capi...
Standard Chartered has set formal price targets for Ethena's ENA token, forecasting it to reach $0.42 by the end of 2026, $1.10 by the end of 2027, and $2.00 by the end of 2028. This bullish outlook depends heavily on the growth of USDe, Ethena's syn...
