$ENA Could Hit $1 Soon — Buy Now or Wait? Here’s My Take

I’ve been keeping a close eye on $ENA, and the big question is whether it can reach $1 soon. Analysts are divided: some are optimistic, projecting $1–$1.20 thanks to Ethena’s ecosystem generating strong fees and growing USDe adoption. Others are more cautious, suggesting $0.70–$1.00 might be more realistic for 2025.

Right now, $ENA is trading around $0.635, having recently peaked at $0.85. It’s sitting near the EMA-25 support, and $0.60 is a crucial level. Staying above it favors the bulls; falling below could trigger a deeper pullback.

Whales are very active — big players like Arthur Hayes are buying heavily, while others are shorting. This mix makes the market unpredictable, which explains the price swings.

My view:

For long-term spot investors: ENA looks promising. Strong fundamentals and USDe expansion could drive growth.

For short-term traders or scalpers: the current volatility and heavy whale activity make timing tricky, so it’s risky.

Overall, $ENA feels like a “hold and ride” project rather than a quick trade opportunity.