Ethena (ENA) is currently retesting its previous breakout zone between $0.37 and $0.45, a key level that could define its next major move. The price action remains structurally bullish, with strong support holding after a multi-phase correction. If the ENA price sustains momentum above $0.46, it could initiate a sharp rally toward $0.63 in the short term, with extended targets near $0.80 and $1.00. This setup positions ENA for a potential 150% breakout in the coming weeks.
Why is the Ethena Price Rising?
Ethena has recorded exchange outflows of over 693,000 tokens in the past week, which reflects a strong accumulation. Meanwhile, StableCoinX’s $5 million daily buyback program, slated to continue for several weeks, adds consistent demand-side…
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