Ethena Price zoomed by almost 21% in one day and more than 50% in last week. This upward trend intervenes in the wake of Stablecoinx which launched a massive purchasing program of $ 260 million, buying tokens of $ 5 million per day. At the same time, Ethena drew institutional attention with its stablecoin in accordance with regulations, USDE, whose offer has now exceeded $ 7 billion.
With volumes and activities both in doping, investors are now looking closely to see if ENA can conquer the next resistance and continue its ascent. If you are one of them, you cannot miss this ENA price analysis.
Active addresses hit an ATH?
Santiment chain data reveals a significant increase in active addresses 24 hours a day, culminating at 3,438, the highest in the history of the ENA. This point marks a spectacular rebound in the activity of users, promoting confidence in the growing ecosystem of assets.
![Ethena (ENA) [12.35.04, 26 Jul, 2025]](https://image.coinpedia.org/wp-content/uploads/2025/07/26132259/Ethena-ENA-12.35.04-26-Jul-2025-1024x347.webp)
The increase coincides with the deployment of the structure of the awards of season 3 of Sena, which offers 40x yield incentives compared to 20x for the USDE. These high -efficiency ignition mechanisms not only attract long -term holders, but also tighten the market offer, strengthening the case for more in -depth growth in prices.
ENA price analysis
ENA is currently sold at scholarships for $ 0.5,960 after reaching an intra -day summit of $ 0.6222 and a minimum of $ 0.4874. This upper momentum followed a critical break above the resistance level of $ 0.54, which has now overthrew support. If he supports above this area, ENA could claim $ 0.85 from $ 1.00 in the coming weeks. Which aligns the extension levels of 127.2% and 161.8% of fibonacci.
The Bollinger’s higher band rupture indicates strong volatility and bullish feeling, supported by an increase in the daily negotiation volume of 102%, totaling $ 2.17 billion. This liquidity jump is a clear sign of institutional involvement. That said, the RSI at 75.96 confirms that the asset is in exaggerated territory.
Faq
The 260 million dollars redemption plan in Stablecoinx and the accumulation of whales triggered structural demand
The next resistance is $ 0.63. A break could open the way to $ 0.85 at $ 1.00.
With RSI above 75, it is in exaggerated territory, but a strong volume confirms the bullish momentum.
