Ethena Price Prediction: Where Is the ENA Price Headed Next?

ENA is starting to show a few signs of life, and the chart shared by Sjuul fits well with the idea of a “power of 3” setup. After several weeks of weakness, ENA could be on the cusp of shifting from a base-building phase to a more constructive phase.

Right now, the ENA price is trading around $0.22, though the key question revolves around testing a critical support point.

• ENA Is Trying to Build a Base After a Long Slide
• This Support Level Is Doing the Heavy Lifting
• What’s Next for ENA?

ENA Is Trying to Build a Base After a Long Slide

Looking at the left side of the chart shared by Sjuul, the ENA price spent a long time drifting lower before settling into a messy, choppy range. That yellow zone highlights a stretch where price moved sideways before eventually breaking down.

After that drop, ENA started forming a base in the lower range, with price repeatedly testing the same area and failing to push much lower. That kind of action often shows sellers are losing control.

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Then the structure shifted. The ENA price pushed back above support and made a sharp move higher into the green zone. Since that pop, price has pulled back, but the important thing is that it hasn’t given the move back entirely. That’s usually what bulls want to see if a recovery is going to stick.

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This Support Level Is Doing the Heavy Lifting

The support zone in the low-$0.22 area is the level that matters most right now. It’s where resistance turned into support after the rebound, and it’s acting as the line in the sand. As long as ENA keeps holding above this level, the setup stays intact.

If that support fails, the chart starts to look a lot weaker. A break below it would likely send the

ENA price back toward $0.21 or even into the high-$0.19 range, where the earlier base formed. That would turn the recent move into a failed breakout.

What’s Next for ENA?

On the bullish side, the ENA price holds support and starts putting in higher lows. That would keep the expansion phase in play. The first area to watch is around $0.25 to $0.26, which lines up with the recent swing high.

If ENA can get back above that zone and hold it, the path opens toward the upper $0.20s, with the broader range resistance sitting much higher near $0.34.

If momentum doesn’t show up, a more neutral outcome is possible. In that case, ENA could stay stuck between the low-$0.22 support and resistance near $0.25, chopping sideways until the market makes up its mind.

So, where is the ENA price headed next? For this ENA price prediction, it really comes down to one thing. As long as support holds, ENA has a real shot at expanding higher. If it doesn’t, the chart likely slides back into consolidation.