AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Ethena Price Holds Key Support at $0.67, Eyes Rally Towards $0.96
ByAinvest
Monday, Aug 18, 2025 1:22 pm ET1min read
Ethena price holds support at $0.67, eyes rally toward $0.96. Despite the correction, the bullish trend structure remains intact. The zone has proven significant due to overlapping technical confluences, including the midpoint of the Bollinger Bands and the 0.618 Fibonacci retracement. Breaking through $0.96 resistance would confirm continuation toward higher bullish targets.
Ethena (ENA) has shown resilience as its price holds support at $0.67, setting the stage for a potential rally toward $0.96. Despite a recent correction, the bullish trend structure remains intact, with significant technical confluences supporting this upward movement.The $0.67 level has proven to be a critical support zone, aligning with the 0.618 Fibonacci retracement and the midpoint of the Bollinger Bands. This confluence of technical indicators has provided a strong foundation for a potential bounce, preserving the current uptrend [1].
The next major resistance level is $0.96, which has not been tested since earlier in the year. A breakout above this level would confirm continuation toward higher bullish targets and establish new yearly highs [1].
Volume data also supports the bullish outlook, with sustained above-average buying activity indicating ongoing demand and trader participation at current price levels [1].
In the immediate short term, a pullback to $0.67 would not be bearish but rather a potential buying opportunity. A successful bounce from this level could propel ENA toward $0.96, keeping the bullish market structure intact [1].
Recent price action has seen Ethena face resistance at $0.825, coinciding with the upper limit of the Bollinger Band and the 23.6% Fibonacci retracement level. However, the current price action suggests that Ethena is poised to test support at $0.67 and potentially reverse toward $0.96 resistance [2].
Investors are advised to monitor the stability of USDe APY and potential bullish catalysts from large exchange listings such as Binance, as these factors could influence Ethena's price movement [2].
References:
[1] https://crypto.news/ethena-poised-for-bullish-breakout-toward-0-96-resistance/
[2] https://pintu.co.id/en/news/193455-ethena-price-drops-amid-crypto-rally-here-are-3-pressure-factors-that-made-ena-weaken/amp
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet