Ethena (ENA) Momentum Surges as Key $0.85 Resistance Nears Breakthrough

Ethena's ENA token charges toward critical resistance—traders eye the $0.85 level as bullish momentum accelerates.

Market Pulse: Riding the Wave

Buyers pile in as ENA tests a key technical barrier. Breaking $0.85 could open the path for further gains—market sentiment shifts optimistically amid broader crypto strength.

Resistance Watch: The $0.85 Barrier

That number isn’t just psychological—it’s a technical litmus test. A clean break above it signals strength; a rejection here, and we’re back to consolidation. Classic crypto: one level, all the drama.

Because nothing says 'sound investment' like watching a digital asset flirt with a number while traditional finance still argues about what 'blockchain' actually means.

• Ethena ($ENA) is showing bullish momentum as whales accumulate 32 million tokens, signaling strong investor interest.
• Key resistance is approaching at $0.85, with potential for a breakout toward $1.00 if upward momentum continues.
• Trading volume and investor positioning suggest the market is preparing for the next trend, despite recent pullbacks.

Ethena (ENA) is attracting strong attention as major investors increase their holdings. The token is showing signs of bullish momentum, with key resistance levels in sight. If this upward trend continues, ENA could be poised for further gains, making it a token to watch closely.

At the time of writing, Ethena (ENA) is trading at $0.6952, with a 24-hour trading volume of $1.05 billion and a market capitalization of $4.66 billion. The token fell by -6.44% in the past 24 hours, indicating potential upward movement.

Crypto Whales Accumulate 32 Million Ethena

Crypto analyst Ali Martinez highlighted that whales bought 32 million ENA in the last 24 hours, signaling strong intent from large investors. The MOVE has drawn attention from the community and could affect price movement over the next few days.

32 million Ethena $ENA bought by whales in the last 24 hours! pic.twitter.com/e7nkNcZlde

Bullish Momentum Builds for Ethena Ahead of Critical Level

In the meantime, crypto analyst Altcoinpedia pointed out that ENA is nearing a primary resistance point at $0.85. If successful, a breakout above that level could open the door to higher prices, possibly even reaching $1.00.

Analysts note that if trading volume supports the move, the upsurge may persist, encouraging ENA investors to remain vigilant. The bullish trend seems intact above $0.85. Investors should wait for a confirmed breakout before initiating positions.

Ethena Market Pullback with Declining Activity

ENA has experienced a significant drop in activity, with volume falling 67.84% to $1.38B and open interest also declining 6.74% to $1.39B. After periods of strong increases in trading volume and open interest, the recent market retracement indicates weaker trading participation.

Alternatively, the OI Weighted funding rate is at 0.0147%, which reveals that although open interest has diminished, investors’ leverage and positioning remain significant. This indicates that some speculators remain active despite reduced overall market activity. If price stability returns, this weighted positioning could play a key role in ENA’s next trend.