Ethena crypto ($ENA) simply ripped previous the $2 mark, notching a 200% climb since bottoming out at $0.67 in April. The final 24 hours alone introduced a 15% surge.
Merchants are watching carefully now: with $2.45 resistance arising quick, it’s both a breakout or a backslide.
This comes after Ethena unlocked 171.88 million ENA tokens on May 5, value $53 million. That’s 3.1% of the circulating provide all of a sudden in play.
Ethena 2025 Roadmap:
— Ethena Labs (@ethena_labs) January 30, 2025
Ethena Crypto Technical Indicators Sign Optimism
After months locked in a descending trendline, ENA cracked resistance at $0.45, then punched as much as $0.46 earlier than cooling off. Technicals are on the bulls’ aspect: RSI’s holding above 50, and MACD simply crossed into the constructive.
The actual take a look at is whether or not $0.45 holds agency as a launchpad or folds underneath strain.
On the core of Ethena’s system is USDe, a dollar-pegged stablecoin designed to function with out banks. ENA, the governance token, offers holders a direct say in how the protocol runs, from upgrades to coverage selections.
Ethena’s partnership with Hyperliquid has added extra intrigue to the venture, permitting customers to bridge USDe to Hyperliquid’s HyperEVM. This strategic transfer, introduced on May 5, has sparked a 36% worth improve over the previous week because it opens new token utility and ecosystem enlargement alternatives.
Resistance Looms, However the Lengthy-Time period Pattern is Bullish
99Bitcoin’s analysts are eyeing ENA’s $0.45 ceiling. If ENA can obtain a decisive push increased, it may set off a rally to $0.80. However failure right here dangers a pullback, with $0.33–$0.36 as the subsequent line of protection.
. Altcoin summer season 2025, pack your baggage 
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In the meantime, ENA’s worth would possibly face hurdles, however its modern stablecoin venture and monetary instruments have positioned it as a promising upstart within the crypto house.
Ultimate Ideas On Ethena Crypto
ENA’s rally has legs, however breaking above $0.45 will resolve if it’s a breakout or a pause. Backed by rising USDe adoption and a latest partnership with Hyperliquid, the basics are in place. Nonetheless, a pullback can’t be dominated out—momentum is powerful, however fragile.
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Key Takeaways
- Ethena crypto ($ENA) simply ripped previous the $2 mark, notching a 200% climb since bottoming out at $0.67 in April
- Lengthy-term Ethena’s continued growth and strategic partnerships make it well-poised for altseason
The put up Ethena Crypto Pumps +16.5% In Post-Unlock Recovery: Can ENA Crypto Break $1 This May? appeared first on 99Bitcoins.
