ENA breaks $0.70 after bullish flag breakout, setting sights on $0.88 and $1.50.
USDe supply jumps $3.1B in <20 days, approaching $10B TVL with rapid DeFi adoption.
Whale holdings of ENA rise 30% in 90 days, adding momentum to the breakout.
Ethena’s ENA is charging through $0.70 with unstoppable momentum, powered by $10B USDe growth, whale demand, and breakout signals—setting the stage for what could be its most explosive rally yet.
Breakout Signals Higher Targets
ENA’s price action on the 4-hour chart shared by Ali Charts on X shows a breakout from a bullish flag pattern. The rally began at $0.25 in July, climbing to $0.67 before consolidating. The breakout occurred near $0.64, pushing price to $0.7277 as at press time, up 18.44% in 24 hours and 34.31% in the last week. Fibonacci extensions mark potential upside targets at $0.8741, $1.0207, $1.2487, and $1.4742.
Support lies within the daily order block between $0.5794 and $0.5110. A retrace to $0.6008–$0.5843 could offer entry for continuation. Short-term targets include $0.6584, $0.6835, $0.7000, and $0.7664, the latter aligning with a weekly bearish imbalance.
Weekly Structure Reinforces Bullish Outlook
On the weekly ENA/USDT chart, a double bottom at $0.2088 and a rounded bottom pattern point to strong accumulation. Price is testing the $0.7092 resistance zone for the second time in 2025 after breaking above the 50-day and 100-day moving averages.
The RSI has moved above 60, a level historically linked to extended rallies. A weekly close above $0.7092 could open the path to $1.2549, last touched in December 2024.
USDe Growth and Whale Buying Drive Demand
USDe supply has surged by $3.1 billion in less than 20 days, now approaching $10B TVL, according to Aylo on X. Growth has outpaced all BTC and ETH ETFs combined, with key integrations like AAVE fueling adoption.
https://twitter.com/alpha_pls/status/1954088447603355786
Whale accumulation of ENA has climbed over 30% in 90 days. Ethena DAT continues buying $5M ENA daily, creating a supply-demand imbalance in favor of bulls. Declining Bitcoin dominance further supports altcoin momentum.
The post ENA Hits $0.70 Amid $10B USDe TVL Surge—Can Bulls Push to $1.50 Next? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
