$ENA $ENA

Analysis of Ethena (ENA) against the US Dollar

Timeframe: 4 hours and daily

Date: August 5, 2025

Quick Technical Overview (Daily Chart)

Overall Trend: Bearish since June 30, 2025, after forming a double top at $1.36.

Downtrend Line: Connects successive peaks and is currently at $0.92 (currently being tested).

Moving Averages:

– 50-Day EMA: $0.89 (Market price $0.905 is still slightly above this).

– 100-Day SMA: $0.96 (acts as dynamic resistance first#MarketRebound #ProjectCrypto #BinanceHODLerTOWNS #BTCReserveStrategy #ProjectCrypto