$ENA /USDT

Ethena (ENA) is trading approximately at $0.74–$0.75, registering a rebound of 15-16% in the last 24 hours and more than 42% in the last week. It stands out for its high liquidity with a daily volume exceeding $1.6 billion USD, reflecting strong market interest.

Ethena is a DeFi protocol based on Ethereum that issues a "synthetic dollar" called USDe, using a delta hedge strategy. The ENA token is fundamental for governance and staking within the ecosystem.

Bullish Scenario:

If it breaks and closes above $0.76–$0.78 with reinforced volume:

🎯 Immediate technical target: Near $0.85–$0.90, aiming towards the all-time high zone (~$1.32).

🔄 Extended target: $1.00–$1.20, possible if institutional confidence and adoption of the protocol consolidates.

Correction Scenario:

Without holding critical levels, it could correct down to $0.70–$0.72 with a loss of strength, although current support remains strong with solid technical accumulation.

Current Recommendation:

Action Condition to do it Target Stop-loss

✅ Buy If it breaks and closes above $0.76–$0.78 with solid volume $0.85–$0.90 → $1.00–$1.20 $0.72

🔁 Wait If it retraces to $0.70–$0.72 showing strong technical support $0.76–$0.80 → $0.85–$0.90 $0.68

🎯 Extended target:

$1.00–$1.20 if Ethena's DeFi fundamentals consolidate.

A return to the all-time high of $1.32 could be viable in structurally positive scenarios, although subject to high volatility.