ENA is starting to show some life again after spending months stuck in a range. Right now, the Ethena price is trading around $0.5948, and analysts say it’s sitting at a key spot on the chart.
Well-known traders like Lucky and CryptoKnight have both posted charts on X(Formerly Twitter) indicating that ENA might be preparing for a bigger move if it can hold support and break higher.
What you'll learn 👉
Ethena Price Building Support in the Demand Zone
Over the summer of 2025, ENA spent a lot of time consolidating after falling hard from its January high above $1.30.
Buyers have stepped in again and again between $0.55 and $0.70, an area that acted as the launchpad for a massive rally earlier this year. This zone is now the main support.
Analyst CryptoKnight pointed out that if ENA price were to close a day below $0.55, the bullish setup would weaken. For now, though, holding above this range keeps the outlook positive and leaves the door open for another push upward.
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Current Market Setup for ENA
According to Lucky’s chart, ENA price broke out of a bearish channel back in July and has been in a bullish trend since then.
Over the past couple of months, it’s been trading inside a downward-sloping flag pattern. This type of setup often plays out as a continuation of the bigger trend.
ENA price is currently bouncing off the lower side of that flag, which is why Lucky said “$ENA is looking solid here.”
The fact that the token is still making higher lows since July is giving traders more confidence that momentum is still with the bulls. A breakout above $0.72–$0.75 could confirm the move and kick off a rally.
Levels Traders Are Watching
On the upside, the first barrier sits around $0.70-$0.75. If that goes, the next levels to watch for ENA price are $0.80-$0.85 and then $0.90-$0.95.
Getting above $1.00 would be the real confirmation signal, with the potential for a run back toward $1.20-$1.33.
On the downside, $0.56-$0.60 is the immediate support. If that fails, traders would look toward $0.50 or even the broader $0.28-$0.38 demand zone as the next line of defense.
Outlook for Ethena
Right now, ENA is sitting in a spot where bulls still have the upper hand, as long as the $0.55-$0.70 zone holds.
Traders are keeping an eye on whether it can break above the flag and start climbing that ladder of resistance levels. If it does, upside targets for ENA price sit at $0.75, $0.93, $1.02, and eventually $1.33.
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