Ethena: 69% of investors in profit – Will they sell?

• ENA was testing key help at $0.4847, with potential resistance ranges at $0.5126 and $0.5657.
• A surge in new addresses recommended rising investor confidence, supporting ENA’s potential rebound.

Ethena [ENA] has lately proven indicators of a possible reversal because the TD Sequential indicator flashed a number of purchase alerts on the 4-hour chart, signaling a doable change in momentum.

At press time, ENA was buying and selling at $0.4882, reflecting a ten.81% decline over the previous 24 hours. 

The worth has skilled a big drop, however technical evaluation signifies {that a} potential rebound might be within the playing cards.

Worth motion and key resistance ranges: Can Ethena breakthrough?

ENA’s worth motion has been beneath strain, lately breaking by a number of help ranges. At present, the token is testing a crucial help degree close to $0.4847, an essential worth flooring.

If this degree holds, ENA might reverse its downtrend and goal key resistance ranges at $0.5126 and $0.5657.

Nonetheless, if ENA fails to carry this help, it might proceed consolidating or expertise additional draw back.

Supply: TradingView

Surge in addresses: What’s driving the demand?

ENA has seen a surge within the variety of addresses holding the token. Over the previous week, new addresses holding ENA have elevated by 238.94%, displaying rising curiosity within the token.

Energetic addresses have additionally risen by 97.84%, indicating that traders are holding their positions quite than buying and selling incessantly. This enhance in addresses might present long-term help for ENA at lower cost ranges.

It means that investor confidence is rising regardless of the present downtrend.

Supply: IntoTheBlock

Transaction stats: Insights into market exercise

Wanting on the transaction statistics, there’s a noticeable shift within the transaction quantity throughout numerous worth ranges.

Nearly all of transactions are taking place between $0.00 and $1k, signaling that smaller traders are actively collaborating. 

Curiously, the amount of transactions for increased quantities has decreased considerably, which can point out an absence of bigger investor curiosity on the present worth.

This might imply that ENA’s worth is being supported by retail merchants, however institutional involvement is restricted for now.

Supply: IntoTheBlock

 How are ENA traders positioned?

The In/Out of the Cash chart reveals {that a} majority of addresses are at present in worthwhile positions, with 69.66% of holders sitting within the cash. 

Nonetheless, 10.18% of traders are nonetheless out of the cash, which signifies a big quantity of resistance forward. Subsequently, if the coin’s worth approaches the $0.5126 to $0.5657 vary, it would face promoting strain as these traders look to interrupt even.

Supply: IntoTheBlock

 Will ENA rebound or proceed its downtrend?

ENA has the potential to rebound if it may well maintain help on the present ranges and break by key resistance.

The optimistic surge in new addresses, coupled with the current purchase alerts from the TD Sequential indicator, suggests a doable upside. 

Learn Ethena’s [ENA] Worth Prediction 2025-26

Subsequently, ENA might see a reversal in direction of $0.5126 and past if momentum picks up. Nonetheless, merchants ought to stay cautious, as failure to carry help could result in additional draw back.