Analyst: ENA’s 20% Weekly Surge Is Just the Opening Act - Here’s What Comes Next
ENA rockets 20% in a single week—and analysts say this is merely the warm-up.
The Momentum Builds
That double-digit surge isn't just random market noise. It signals growing institutional interest and solid tokenomics finally getting their moment. While traditional finance still debates whether crypto is 'real,' ENA's performance quietly mocks the skepticism.
Beyond the Percentage Points
This isn't about chasing pumps. It's about recognizing fundamental shifts in decentralized finance infrastructure. The protocol's unique value proposition cuts through typical market volatility, offering something actually useful—unlike most legacy banking products that seem designed to confuse customers.
Where It's Heading
Expect continued momentum as adoption grows and the utility case strengthens. This might just be the beginning of a much larger revaluation—because sometimes the market actually gets it right, even if Wall Street is still figuring out how to spell 'blockchain.'
ENA Shows Strong Weekly Performance
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%.
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.
“I still am holding my position and it’s probably ok to take some profit around here. With that said, I do think that this trades higher in the mid term,” he said.
Chart data shows ENA testing resistance near $0.85, which aligns with the 0 Fibonacci level. This has become an important short-term barrier, 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.
$ENA: Great coin, everyone shilling it and it’s still going higher. announcement after announcement, beauty.
I still am holding my position and it’s 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
— Altcoin Sherpa (@AltcoinSherpa) September 9, 2025
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.
Analysts Eye Higher Targets
Rand pointed to buyback programs as a key factor in recent price strength, writing,
“No chill for $ENA, the buybacks program on full effect. Triggered the bullish breakout on the local downtrend, wants new ATH.”
The weekly chart also reflects a bullish structure, with ENA holding above the support range of $0.48–$0.55, which flipped from resistance into support earlier this year.
Finish echoed this sentiment, stating,
“Everything under $1.1 is cheap, it’s time we set a new ATH.”
Meanwhile, the comment comes as Binance recently listed USDe, with total value locked (TVL) surpassing $13 billion, boosting sentiment around the Ethena ecosystem.
The next major resistance levels are at $1.32 and $1.52, both marking previous swing highs. If these are broken, ENA could enter price discovery.
Long-Term Outlook
Crypto Patel noted that ENA is already up 270% from his initial entry, but still has room to grow.
“$ENA is still up 270% from our first entry but I believe it still has room to run, $5 potential on the horizon,” he stated.
Patel’s 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 phases supports the bullish case.
Overall, ENA remains in a strong uptrend, with analysts identifying key resistance points ahead and projecting higher price ranges if momentum continues.
