ENA Price Performance and Relative Strength

Ethena ENA

Current Price

$0.2224 -5.27%

$0.0148 Daily Range (6.64%)

$0.2205$0.2352

$148.15M Daily Volume

1,553 BTC

Vol/MktCap: 8.37%

Support Zone

HTF: 48 (Neutral)

Market Performance

-3.83% 0.00000233 BTC

-3.27% 0.00006738 ETH

-5.27% 0.2225 USDT

-4.55% 0.0002 BNB

-2.98% 0.1080 XRP

0.28% Relative BTC Volume

The total volume of Ethena is $148.15M over the past 24 hours, compared to $52.30B total Bitcoin volume.

Hourly Moving Average

8 SMA $0.2231 -0.31%

13 SMA $0.2236 -0.54%

21 SMA $0.2271 -2.07%

55 SMA $0.2347 -5.22%

144 SMA $0.2294 -3.02%

+0.90% 1 Hour Change

$0.2224 from $0.2205

-4.53% 7 Day Change

-$0.0101 from $0.2325

-0.91% 14 Day Change

-$0.0020 from $0.2245

+4.87% 30 Day Change

$0.0108 from $0.2116

April 11, 2024

$1.52 -85.33%

-$1.30 vs. now

$1.77B Market Cap

18,560 BTC

24H Change

-99.64M USD -5.33%

-1,045 BTC

Total Supply: 15.00B ENA

7.96B ENA Available

53.05% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

750.88 x BTC Supply

+600 more

751:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

650.23M ENA traded over past 24 hours

8.17% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Ethena AI Market Analysis

Ethena (ENA) is currently priced at $0.222254, reflecting a 24-hour decline of 4.56%. The daily trading range has been narrow, with a high of $0.236228 and a low of $0.220456, indicating potential consolidation as the market reacts to recent price movements.

Trading volume stands at 153,940,395, contributing to a volume-to-market cap ratio of 8.71%. The hourly moving averages show a bearish trend, with the 8 SMA at $0.2231 and the 13 SMA at $0.2236, both below the current price, while the longer-term SMAs are also showing weakness, especially the 55 SMA at $0.2347, which is significantly higher than the current price.

The 1-hour RSI is at 41, suggesting that ENA is nearing oversold territory, while the 7-day RSI is at 48, indicating a lack of strong momentum in either direction. Despite a minor positive shift in the 14-day price change at 1.16%, the 7-day change of -4.66% suggests recent downward pressure.

Ethena's all-time high of $1.52 reached in April 2024 appears distant, and current price levels reflect significant bearish sentiment. The recent price action indicates that investors may be hesitant, which can lead to increased volatility in the near term.

Given the current price trends, volume dynamics, and technical indicators, I recommend a Hold rating for Ethena (ENA). The asset exhibits weakness in the short term, but with potential support near the current price level, there may be opportunities for recovery if it holds above $0.220.

Updated 151 minutes ago.