{"id":95194,"date":"2025-09-10T02:44:31","date_gmt":"2025-09-10T02:44:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=95194"},"modified":"2025-09-10T02:44:31","modified_gmt":"2025-09-10T02:44:31","slug":"analyst-enas-20-weekly-surge-is-only-the-beginning","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=95194","title":{"rendered":"Analyst: ENA\u2019s 20% Weekly Surge Is Only the Beginning"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

ENA gained 20% weekly, testing $0.85 resistance while support remains strong near $0.70.
\nAnalysts point to buybacks and Binance\u2019s USDe listing as catalysts for Ethena\u2019s bullish momentum.
\nTargets range from $1.25 to $5.00 if ENA holds above $0.68 and momentum continues.<\/p>\n

ENA Shows Strong Weekly Performance<\/h2>\n

Ethena (ENA) has posted a sharp rise in the past week, gaining over 20%. The token is now priced at $0.84, with a 24-hour trading volume of $1.44 billion. Daily gains stand at 9%.<\/p>\n

Crypto analyst Altcoin Sherpa said the asset shows strong momentum, noting that while profit-taking may be considered near current levels, the mid-term trend remains positive.<\/p>\n

\u201cI still am holding my position and it\u2019s probably ok to take some profit around here. With that said, I do think that this trades higher in the mid term,\u201d he said.<\/p>\n

Chart data shows ENA testing resistance near $0.85, which aligns with the 0 Fibonacci level. This has become an important short-term barrier<\/a>, where some selling activity could appear. Support is currently seen around $0.70 (0.236 Fib), with deeper levels at $0.61 and $0.53. These levels could act as potential areas for buyers if the market retraces.<\/p>\n

$ENA<\/a>: Great coin, everyone shilling it and it\u2019s still going higher. announcement after announcement, beauty.<\/p>\n

I still am holding my position and it\u2019s probably ok to take some profit around here. With that said, I do think that this trades higher in the mid term. Great coin. pic.twitter.com\/0MpvXpWioq<\/a><\/p>\n

\u2014 Altcoin Sherpa (@AltcoinSherpa) September 9, 2025<\/a><\/p>\n\n

Strong buying activity is evident in recent trading sessions, supported by higher green volume bars. This suggests that demand is still present, even as ENA approaches near-term resistance.<\/p>\n

Analysts Eye Higher Targets<\/h2>\n

Rand pointed<\/a> to buyback programs as a key factor in recent price strength, writing,<\/p>\n

\u201cNo chill for $ENA, the buybacks program on full effect. Triggered the bullish breakout on the local downtrend, wants new ATH.\u201d<\/p>\n

The weekly chart also reflects a bullish structure, with ENA holding above the support range of $0.48\u2013$0.55, which flipped from resistance into support earlier this year.<\/p>\n

Finish echoed<\/a> this sentiment, stating,<\/p>\n

\u201cEverything under $1.1 is cheap, it\u2019s time we set a new ATH.\u201d<\/p>\n

Meanwhile, the comment comes as Binance recently listed<\/a> USDe, with total value locked (TVL) surpassing $13 billion, boosting sentiment around the Ethena ecosystem.<\/p>\n

The next major resistance levels are at $1.32 and $1.52, both marking previous swing highs. If these are broken, ENA could enter price discovery.<\/p>\n

Long-Term Outlook<\/h2>\n

Crypto Patel noted<\/a> that ENA is already up 270% from his initial entry, but still has room to grow.<\/p>\n

\u201c$ENA is still up 270% from our first entry but I believe it still has room to run, $5 potential on the horizon,\u201d he stated.<\/p>\n

Patel\u2019s chart points to multiple upside targets: $1.25, $2.60, $4.00, and $5.00+. As long as ENA holds above $0.68, the structure suggests continuation toward higher levels. The pattern of higher lows and higher highs after long consolidation<\/a> phases supports the bullish case.<\/p>\n

Overall, ENA remains in a strong uptrend, with analysts identifying key resistance points ahead and projecting higher price ranges if momentum continues.<\/p>\n

The post Analyst: ENA\u2019s 20% Weekly Surge Is Only the Beginning<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR ENA gained 20% weekly, testing $0.85 resistance while support remains strong near $0.70. Analysts point to buybacks and Binance\u2019s USDe listing as catalysts for Ethena\u2019s bullish momentum. Targets range from $1.25 to $5.00 if ENA holds above $0.68 and momentum continues. ENA Shows Strong Weekly Performance Ethena (ENA) has posted a sharp rise in […]<\/p>\n","protected":false},"author":0,"featured_media":95195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-95194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95194"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=95194"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/95194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/95195"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=95194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=95194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=95194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}