# Ethena’s ENA Falls to $0.21 After Retreat From Sept. 27 High By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/31443 Published: 2026-10-13T19:04:31.000Z Updated: 2026-10-13T19:04:31.000Z Section: Investing > ENA has retreated from a Sept. 27 intraday high of $0.2944, while chart analysis identifies $0.19–$0.20 as a potential support area. Ethena’s ENA token fell to approximately $0.21 on Oct. 13 after retreating from a late-September high, bringing a potential $0.19–$0.20 support area into focus for traders tracking the decline. ENA traded at about $0.2115 at 3:07 a.m. ET (07:07 UTC), down 5.14% over 24 hours. The token closed at $0.205788 on Oct. 12, while 24-hour trading volume reached $451.1 million on Oct. 13. ENA reached an intraday high of $0.2944 on Sept. 27. Its closing price that day was $0.272163, separating the session’s peak from its daily close. An analyst’s chart analysis places a four-hour swing low near $0.198 and a potential liquidity area around $0.190. The analysis treats a sustained move below $0.17 as a sign of deeper weakness in the setup. These levels are technical projections rather than confirmed order-book events. The move extends ENA’s recent decline, following [the token’s earlier retreat and long liquidations](). The earlier coverage recorded a sharp four-hour drop and higher long liquidations across major exchanges. Ethena’s ecosystem includes USDe, a synthetic dollar backed by collateral and hedged positions. The protocol’s July-September governance update reported that USDe supply rose from a quarterly low of $3.90 billion to $5 billion on Sept. 27 before ending the quarter at $4.94 billion. Hedged Bitcoin (BTC) and Ether (ETH) positions reached $840 million, representing 17% of USDe backing, by Sept. 30. On Sept. 25, Ethena and Binance expanded the protocol’s basis-trading approach to equity perpetuals, with tokenized bStocks serving as spot collateral. ## Links in this article - [the token’s earlier retreat and long liquidations](https://www.tokenpost.com/news/investing/30669)