B4Bit

06/19 06:37

Ethena Price Prediction: Can ENA Price Rally 60% N

Ethena Price Prediction: Can ENA Price Rally 60% Next? Ethena price is showing early signs of a potential trend reversal after staging a sharp rebound from all-time low. ENA price surged over 8% today, the recovery comes as traders react to a proposed buyback-and-burn mechanism, growing derivatives participation, and a bullish setup that points to a possible breakout from a months-long downtrend. While ENA remains heavily discounted from its peak, the token is now testing a key resistance area that could unlock a move toward $0.15. Buyback Proposals Ignites ENA Recovery Narratives The biggest catalyst behind ENA’s recent rebound is a governance proposal that would allocate protocol revenue toward ENA buybacks and burns. The proposal directly addresses one of the market’s biggest concerns surrounding Ethena-how the protocol’s growing revenue and ecosystem activity ultimately translate into value for token holders. According to the recent data, ENA has climbed more than 14% over the past week after recovering from the $0.08 region. The announcement has helped shift sentiment from capitulation toward recovery, with traders beginning to price in a more deflationary token model. At the same time, funding rates reportedly turned sharply negative, creating favorable conditions for a short squeeze and accelerating the recovery move. Ethena Price Outlook: Can Bulls Unlock a 60% Rally? ENA token appears to be approaching a decisive momentum. On the daily chart, the token is attempting to break above a descending triangle that has controlled the broader downtrend for months. Recent sessions have also seen significant volume buildup, suggesting growing market interest near current price levels. #2026 World Cup Posting Challenge on HTX Square #HTX Creation Challenge — Post and Win 1,500U 💥

3Compartir