Ethena is finally waking up after weeks of sideways movement. ENA price action is starting to look interesting again, and it’s now testing a level that could decide its next big move.
According to TheLordofEntry, ENA has returned to the 200-day moving average, which has already rejected the price twice before. This is the kind of zone where things either take off, or break down.
What you'll learn 👉
The 200-Day Moving Average: The Real Test For ENA
ENA is currently trading around $0.46, right below the 200-day MA, a line that’s been tough to break in recent weeks.
On the ENA chart, you can clearly see how price has been squeezing inside a symmetrical triangle, with higher lows building pressure against resistance near $0.47-$0.48.
@thelordofentry
If ENA price breaks through this area, we could easily see a quick move toward $0.50 or even $0.52, where the next batch of sell orders usually sits.
But if rejection happens again, the next logical stop is around $0.43-$0.44, which lines up with the rising trendline and Fibonacci 0.618 zone.
Ethena Building Higher Lows – A Bullish Sign
Sjuul from AltCryptoGems is also watching ENA closely. His chart shows a clear series of higher highs and higher lows, which usually signals early accumulation.
He points to a gray demand zone around $0.42–$0.43 that’s acting like a springboard for the next leg up.
@AltCryptoGems
If this structure holds, the next logical target sits in the $0.52–$0.54 area, the same zone where previous rallies started losing steam. Sjuul’s ideal scenario? One more bounce off that demand box before price finally expands upward.
What Happens If ENA Breaks This Level
If ENA price breaks and closes above $0.48 with strong volume, that would confirm a bullish reversal, possibly sending it toward $0.52–$0.55 in the short term. That’s where short-term traders might start locking in some profits.
Momentum indicators are slowly tilting bullish again, showing that buyers are stepping in. On the flip side, if we get another rejection here, the $0.43 zone should catch price before any deeper dip. The uptrend remains valid as long as ENA keeps printing higher lows.
Read Also: Ethena (ENA) Price Outlook After Massive Whale Purchase
The Bottom Line
Ethena’s chart is starting to look constructive again, but everything now depends on what happens at the 200-day MA. Break above it, and ENA could be gearing up for a solid 10-15% rally. Fail to do so, and the market might need one more reset before that move happens.
Either way, ENA price is building a structure that traders love to see, and if the breakout confirms, the next stop could easily be $0.55 or even $0.60 in the coming weeks.
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