Key Takeaways
- Ethena Current Status: Ethena price initiated the markets with a massive rise in prices, forming highs close to $1.5. Although the bears tried hard to drag the levels lower, the bulls flipped the market trend and triggered a huge upswing. With this, the price surged and has reached one of the pivotal resistances, and a breakout from this range may validate new highs.
- Market Performance: The Ethena price is trading at after experiencing a surge of around 8.2% in the past 24 hours, despite the broader market correction. The market capitalization faced a similar rise, recording around $3.39 billion. Besides, the trading volume has increased by over 170% to reach close to a billion of around $1.13 billion. The bullish sentiments for the crypto are around 92%, while the Fear-Greed Index is at 91, indicating the market sentiments are now in extreme greed.
- Technical Analysis: The market trend appears to have flipped above the bearish captivity as the prices have been inflating since the start of the quarter. Besides, the token underwent a ‘Golden Cross’ where the 50/200-day Moving averages underwent a bullish crossover. This can be considered a bullish signal, as the bulls appear to be self-assured of marking a new ATH shortly.
- ENA Price Prediction: The recent ENA price action of Ethena suggests the token has entered a bullish range. The volume has surged to a large extent, and the volatility of the token has also increased. As a result, the price is expected to remain elevated for the rest of the month and surpass the crucial resistance aiming to form a new ATH in the first few weeks of 2025.
- Future Outlook: The market sentiments have flipped as the majority of the tokens are gaining massive strength. With BTC price achieving the milestone of $100K and an ATH near $106K, the altcoins have begun to swell. Besides, the volume has also increased to a large extent, which may keep the future outlook of the token bullish.
Where will Ethena Price Head Next?
- Ethena price underwent a v-shaped chart pattern recovery after marking the lows around $0.2, indicating the bulls gaining dominance.
- As mentioned, ENA price is constantly forming higher highs and lows and is testing the final resistance before marking fresh highs.
- On the other hand, the Relative Strength Index (RSI) remains incremental and has entered the overbought range with fewer signs of a bearish divergence.
- Therefore, ENA price is expected to rise above the resistance zone between $1.4 and $1.5 in a short while.
- Meanwhile, the bears may try hard to drag the price lower, but the bullish market sentiments could keep up the ascending trend toward new ATH.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.465/ $0.337 / $0.130
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.88 / $1.008/ $1.21
|
|
50-day EMA |
$0.7977
|
|
200-day EMA |
$0.6347
|
|
RSI level |
60.9
|
|
MACD level (Signal Line) |
0.01 |
Ethena Price Prediction December 2024
Ethena’s price action since the September rebound indicates a massive change in the momentum, frequently pushing the prices higher. The ENA price has experienced a huge push in the first few days of each month in Q4. The price is constantly forming higher highs and lows, displaying the growing strength of the bulls. As the trade advances toward the end of the year, the volume and volatility are expected to surge. Meanwhile, the bears are expected to remain calm, which could help the token maintain a healthy ascending trend and close the yearly trade around $1.5.
Ethena Price Prediction 2025
Ethena price could witness significant growth in 2025, with its price potentially ranging between $2.75 and $3.2. With broader crypto market maturation and increased adoption, Ethena price may benefit from stronger fundamentals and more robust trading volumes. The 50-day and 200-day EMAs could continue to converge in a bullish crossover, signaling sustained upward momentum. RSI and MACD indicators might remain in bullish territory, suggesting that 2025 could be a year of extended gains. However, resistance near $2.5 might act as a cap, where traders could see some consolidation before further upward movement.
In 2026, Ethena price may stabilize after the previous year’s strong rally, trading within a range of $4 to $5. This year could see more tempered growth as the market enters a consolidation phase. Technical indicators such as Fibonacci retracement levels may indicate a pullback to support levels around $3.0 before the next bullish leg. The 200-day EMA might offer key support, and if ENA price manages to break above the $3.5 resistance zone, it could trigger another rally toward $3.8. Traders should remain cautious of volatility, as market conditions could shift quickly.
By 2027, Ethena price could see its price surge again, trading between $5.0 and $6.0. As blockchain adoption continues to grow globally, ENA price might benefit from increased institutional investment and broader use cases. The 50-day EMA could show a bullish pattern, with technical indicators like the MACD suggesting strong upward momentum. However, the psychological barrier at $6.0 may pose a challenge, with the possibility of some resistance as ENA price approaches this level. Investors should monitor key technical levels to assess whether the upward trend will persist or if a retracement is due.
Ethena price could rise significantly in 2028, with projections ranging from $8.0 to $10.0. This period may mark a major turning point as ENA price continues to establish itself in the altcoin market. Technical indicators such as the RSI and Bollinger Bands may signal a strong bullish trend, while increased trading volumes could further propel the price. Should ENA price break through the key resistance at $10.0, this could signal a new wave of investor confidence and market adoption. However, traders should remain mindful of potential profit-taking at higher levels, which could result in temporary pullbacks.
Ethena price is expected to trade between $12.0 and $15.0 in 2029, reflecting another year of growth driven by broader crypto market expansion and innovation. As blockchain technology continues to evolve, ENA may benefit from increased use cases, particularly in decentralized finance (DeFi) and smart contract applications. The 200-day EMA could serve as critical support, and breaking above the $15.0 mark might push Ethena into a more bullish phase. However, technical analysis suggests that volatility could increase around these levels, making it essential for traders to carefully watch the support zones.
By 2030, Ethena price could reach new heights, potentially trading between $18.0 and $22.0. This year might represent the culmination of a decade of growth, with Ethena positioned as a key player in the altcoin space. Technical analysis indicates that the MACD and RSI will likely remain bullish, supporting upward price action. Breaking through resistance at $20.0 could trigger a fresh rally toward $22.0, with market demand continuing to fuel growth. However, as with all long-term predictions, external factors such as regulatory developments and market conditions will play a crucial role in shaping Ethena’s future price trajectory.
Will Ethena Price Continue to Rise in 2024?
Ethena entered the markets with a massive rise in Q2 that attracted huge trader attention, resulting in a notable influx of volume. However, the recent reversal suggests these traders have jumped in again and hence the ENA price is expected to remain elevated for the rest of 2024 and well into 2025 as well.
