🚀 Ethena (ENA) Primed for Explosion: $0.75–$0.80 Next Stop as Bulls Take Control

Ethena's ENA isn't just knocking on resistance—it's kicking the door down. After weeks of consolidation, the synthetic dollar protocol's token shows all the signs of a textbook breakout.

Target zone locked in: $0.75–$0.80

Technical indicators flipped bullish as ENA cleared key moving averages—classic accumulation pattern playing out before our eyes. Liquidity pools are primed, derivatives traders are piling in, and suddenly every 'stablecoin maximalist' remembers why they keep a speculative bag.

Just don't tell the SEC—they're still trying to figure out how to regulate last cycle's memecoins.

• Ethena (ENA) gains over 46% this week with accelerating momentum.
• Price breaks crucial resistance, signaling bullish continuation ahead.
• Market eyes $0.80 target following sustained breakout and rising volume.

Ethena (ENA) is gaining strong attention in the crypto market after jumping 46.92% in the past week. It’s now trading at $0.4846, with a 24-hour gain of 21.24% and trading volume reaching $684.64 million.

With a current market value of $3.07 billion, ENA is now testing pivotal technical points where the success and sustainability of this breach are about to come into play.

The price action forms a classic bull pattern. After a consolidation with slow movement on either side, the token initiated an upward movement with consecutive higher highs and higher lows.

A small correction was quickly digested by buyers, reaffirming the positive momentum. The breakout above the $0.47 resistance zone is particularly significant with growing volume, a sign of growing confidence in the market.

Analysts Predict 2x ENA Rally If Breakout Holds

Renowned chart analyst @WorldOfCharts1 has noted that the token is now testing a significant resistance area, which, if flipped over into support, could double the price.

On the chart, a long-time resistance area around $0.3784 once historically capped bull rallies, but yesterday’s break above it into the $0.48 bracket puts paid to all that.

Technical indicators also favor this viewpoint. The 50-day EMA, previously resistance in the vicinity of $0.2979, has now been broken convincingly by ENA, which has rallied over 23% ever since the break above it.

The new resistance is now in the vicinity of the 200-day EMA, currently $0.4139, which has now potentially changed to support. Even momentum indicators such as MACD are hinting at a possible bullish reversal crossover.

If buying interest is maintained and volume continues to increase, the token could be set up for a bounce back toward the $0.75–$0.80 area, a level shown by green projection lines on many technical charts.

Rally Outlook Hinges on Volume and Momentum

With technicals on the side of the bulls and ENA now sitting above critical moving averages, the question is whether the current momentum can last.

Investors are advised to keep a very close eye on further volume expansion as well as whether or not the token can hold above $0.47. Though volatility remains on the agenda, more so if the breakout fails, the overall direction is bullish for further upside.

A growing confidence among investors is reflected in Ethena’s recent formation, with bullish chart signals favoring the asset as one to watch in the short term.