Ethena (ENA) Price Prediction: Ethena Gains 14% in 24 Hours as Golden Cross Sparks $1 Breakout Move This August

Ethena (ENA) is making waves in the crypto market this August, surging 14% in just one day amid a powerful bullish signal known as the golden cross. This breakout move is capturing investor interest and setting the stage for a potential rally beyond the $1 threshold.

The momentum behind Ethena’s recent price action reflects growing confidence from traders and whales alike. Technical indicators and market sentiment are aligning to suggest that ENA’s upward trajectory may continue, making it a focal point for those tracking promising DeFi tokens in 2025.

Ethena Price Analysis: Strong Technical Signals Support Uptrend

Ethena’s most recent price surge is on the heels of an ongoing uptrend as the altcoin continues to form higher highs, one of the typical telltale signs of increasing buying pressure. ENA is currently priced at around $0.70, representing a whopping 144% increase in just the last month alone. This extreme growth has been driven by a tipping point golden cross event, whereby the 50-day Exponential Moving Average (EMA) crossed above the 200-day EMA, signaling a probable extended bull run.

Ethena (ENA) shows bullish momentum with EMA crossovers, whale buying, and OBV divergence, targeting $0.70 and $1.13. Source: BeInCrypto on TradingView

This observation is also supported by technical indicators. The Relative Strength Index (RSI) stands at 68.84, just below the 70 overbought mark. This suggests that the ENA price has some space to move up before hitting major resistance. In the meantime, the Moving Average Convergence Divergence (MACD) is firmly in the green, with bars trending upwards in green indicating increasing buying interest.

ENA Support and Resistance levels reflect normal market structure

Ethena has also breached a series of resistance levels recently, creating a clear channel higher. This kind of formation is a good sign of solid price consolidation that tends to result in more increases. The next best solid support is at $0.51, a former resistance level that has lately turned to become support — a good cover in the event of short-term pullbacks.

ENA is up 30%, with $0.76 and $0.80 as key resistances; a weekly close above $0.80 may signal a long-term move toward ATH. Source: Crypto_Jobs TA & FA via X

On the positive front, the $1.00 level is the key breakdown target, representing about 43% upside potential from current prices. If ENA continues to pick up steam and crosses this level, traders and investors may see more bull runs in line with Ethena’s bullish pattern.

Whale Activity Adds Fuel to Ethena Crypto Prediction

An important factor supporting the bullish ENA price forecast is the notable increase in whale accumulation, with large holders boosting their positions by over 30% in the past week, signaling confidence in the token’s near-term outlook.

Ethena (ENA) is gaining momentum as whales accumulate, with bullish technicals pointing toward a potential $1.13 target. Source: BeInCrypto via X

This rise in whale activity comes amid Ethena’s expanding ecosystem, particularly the introduction of its USDtb stablecoin, which is backed by BlackRock’s BUIDL fund. The growing utility of ENA within decentralized finance (DeFi) protocols enhances its fundamental appeal, adding weight to positive Ethena crypto news.

ENA Price Today: Chart Patterns and Momentum Suggest Further Upside

Currently, ENA trades within a bullish ascending channel on short timeframes. The token recently tested resistance near $0.65 but has yet to decisively break through. If ENA surpasses and holds above this level, immediate price targets include $0.70 and $0.93. Further gains could push ENA toward the $1.13 Fibonacci extension level.

Ethena was trading at around $0.74, up 14.33% in the last 24 hours at press time. Source: Brave New Coin

The On-Balance Volume (OBV) indicator reveals a bullish divergence: while price made a lower high in early August, OBV made a higher high, indicating growing buying pressure from institutional players and whales. This divergence often precedes price advances, suggesting that accumulation may continue before a significant breakout.

Ethena Price Prediction 2025: Is a 2x Rally on the Horizon?

Crypto analyst Ali shared a bullish outlook for ENA, describing a classic continuation pattern known as a bullish flag on the 4-hour chart. The flag pattern represents a pause following a sharp upward move, with price consolidating inside a contracting range.

Ethena (ENA) is targeting $1.50 following a breakout from a bullish flag pattern. Source: Ali Martinez via X

Ali points to a potential breakout above the upper boundary of the flag, which could unlock a fresh rally towards $1.50 — nearly 2x the current price. He highlights key Fibonacci levels as sequential price targets, including $0.68, $0.88, $1.00, $1.25, and the ultimate stretch target near $1.47.

Support levels are clearly defined, with the rising lower trend line around $0.58 serving as a critical floor. As long as ENA remains above this trend line, the bullish setup stays intact, paving the way for further upside in the coming weeks.

Final Thought: ENA Coin Forecast Remains Optimistic but Cautious

The combination of strong technical analysis signals, increasing whale accumulation, and expanding fundamental utility paints a positive picture for ENA price prediction in 2025. Traders should watch key resistance and support levels carefully. A sustained breakout above $0.65 and $1.00 could lead to a significant rally, potentially validating Ethena’s place as a leading DeFi token.

However, a fall below $0.60 support or a reversal in whale activity could temper the bullish sentiment. As always, investors should conduct their research and consider market volatility before making trading decisions.