Why Ethena (ENA) Might Just Skyrocket to $2 (Seriously, Don’t Blink!)

by

Well, well, well, look who’s been putting in the work behind the scenes—Ethena! 🙌 After months of flexing in the shadows, the token is finally getting some love. The TVL just decided to make a dramatic entrance, spiking like it’s been on an all-night espresso binge. And guess what? The price is holding its ground like a teenager defending their phone. So, looks like $0.42 to $0.44 is now the “don’t mess with me” zone, ready for some serious action. 💥

At the start of the year, the ENA price had us all thinking it would soar above $1.5. But then, surprise surprise, it pulled an 80% move—like a really dramatic season finale—crashing to around $0.255. Classic plot twist. But hold your horses, the latest bounce back after a long, uneventful nap between $0.35 and $0.25 says the bulls are back in town. And this time, they might just repeat the glory days with a sweet 200% rise. But, you know, no pressure. 🐂

Remember that breakout last time? Yeah, the one with the inverse head and shoulders pattern—because, of course, this token has style. The price surged above the neckline like it was escaping a bad date, and now it’s breaking out of a falling wedge. There’s a slight retest happening, but the MACD is showing signs that people are finally buying (no, it’s not just me). The levels have hit positive territory for the first time in forever—meaning something big is probably about to go down. 🚀

Here’s the deal: since Ethena broke out of the pattern, it’s been living above the 50-day moving average like it’s got VIP access. This suggests that, yeah, we’re in a bullish zone, folks. The price is likely to keep climbing like it’s got a gym membership—forming higher highs, higher lows, and eventually making its way to that sweet resistance zone between $0.52 and $0.54. If it breaks through? Golden Cross, baby. 🎯

So yeah, Ethena is flexing major bullish vibes and looks set to finish Q2 2025 above $1. Let’s just hope it doesn’t pull another “hold my drink” moment. 🥂

Read More

2025-05-14 17:28