Ethena ENA is currently trading at $0.3331, marking a 1.39% dip today. Its trading volume in the last 24 hours dropped nearly 50%, now sitting at $269.18 million. Despite today’s fall, the token has surged over 31% in the past week, grabbing attention across the crypto landscape.
This mixed performance hints at a larger story. Analysts see strong movement forming after months of drift. Traders who bought the recent dip may be positioning for a bigger wave. With technical patterns forming and volume shifts underway, volatility could bring opportunity—or risk.
Breakout above resistance signals strength
Crypto analyst Jonathan Carter points to a key chart pattern: a falling wedge that began in November. Ethena is now breaking above its resistance. If it holds above the 100-day moving average, targets at $0.375, $0.455, $0.650, and even $0.880 could come into play.
Momentum seems to be building. Traders watching the daily chart are spotting increased buying near resistance zones. However, technical setups alone aren’t enough in crypto. The broader market sentiment and upcoming macro events could either fuel or fizzle this breakout. Either way, the chart looks ready for action, and the next few days could be crucial.
ENA price predictions for 2025
DigitalCoinPrice is bullish on ENA. They think the price can rebound all the way to $1.25, as high as in January 2025, even though the price fell below $0.66 earlier in the year. The experts believe that in the near future, it can break through the levels above $0.73, and some are even predicting as high as a new high of more than $1.52. That would be a substantial surge—but optimism in itself is not gonna cause prices higher.
Coincodex is less bullish in their forecast. For July 2025, their estimate is for the price to drop, between $0.229 and $0.329. The predicted price for an average is $0.261, which is lower than today’s price. However, in case something changes, the potential for short-term gains is as much as 30%. The investor needs to be positive but, at the same time, carefully control the risk.
