- Ethena (ENA) has surged 18.5% in the past 24 hours, trading at $0.7446.
- Analysts project ENA could reach $1.64 by the end of 2025, surpassing previous highs.
- Short-term market sentiment remains mixed, with potential bearish trends in the near term.
Ethena (ENA) is currently trading at $0.7446, marking an 18.5% increase over the past 24 hours. Trading activity has intensified dramatically, with a 24-hour volume of $1.42 billion, an increase of 252.91%. Over the past week, the token has maintained relative stability, posting a 3.89% gain from $0.7445.
Market analysts cite the surge in the value of ENA to renewed investment demand and wider market realities in favor of middle-cap cryptocurrencies. Market analysts point out that the token’s current run maintains possibilities for additional increase upwards, but areas of resistance will momentarily hamper advances.
Institutions and Retail Investors Monitor ENA
Crypto analyst Solberg Invest recognized the stellar growth pattern of ENA, citing a 185% surge from the point of the initial buy recommendation. The firm ratifies the initial strategy, encouraging investors to follow primary areas of resistance in the region of $0.91–$0.94.
Solberg Invest foresees ENA possibly approaching the intermediate levels in the area of $1.2–1.3, possibly reaching a high at $1.5 in subsequent trading sessions.
Market sentiment looks positively guarded, with institutions and retail players closely watching price activity around the area of resistance. The analysts are in favor of going steady, juggling interim profits taking and long-term positioning.
Also Read | Ethena (ENA) Struggles Near $0.64: Is a Deeper Fall on the Horizon?
ENA Token Price Forecast 2025
DigitalCoinPrice predicts the token to rise above its previously-recorded all-time highest price ever at $1.52 to somewhere around $1.56 to $1.64 by year end. The token could first hit the price at $1.52 and expand to its highest estimated value.
Moreover, Coincodex has a more conservative forecast for August 2025, expecting ENA to fall to approximately $0.5811. They forecast it can trade anywhere between $0.5107 and $0.7334, exhibiting a near-term bearish trajectory. Nonetheless, they point out that investors can possibly make a 31.61% profit by short-selling the token at the current price.
Also Read | Ethena Labs Smashes Records With $500M Revenue, ENA Nears $0.63
