Will ENA Smash the $0.65 Barrier After 12% Rally?

TL;DR

• ENA trades above all main EMAs, confirming a short-term bullish development within the present construction.
• $0.65 stays a essential resistance stage; holding above it may open the trail to $0.75.
• Retail participation spikes within the $0.60–$0.70 vary, typically linked with warning close to native tops.

ENA Nears Key Resistance Zone

Ethena (ENA) traded round $0.63 at press time, after gaining roughly 12% previously 24 hours. The each day buying and selling quantity stands near $780 million. Regardless of being down 5% over the previous week, the short-term development is displaying renewed energy.

In the meantime, the token stays in consolidation slightly below the $0.65 stage, recognized as a essential level in earlier market cycles. Analyst CryptoAmsterdam famous that breaking and holding above this vary quarter mark may act as a set off for an additional transfer up. 

If that occurs, value targets could shift towards the mid-range close to $0.75. If not, a transfer again to assist close to $0.35 stays doable.

// $ENA (replace)

Nonetheless consolidating under the 0.25 (vary quarter) resistance, wanting superb.

Two eventualities:

> We flip the 0.25
After some extra consolidation, and proceed to fly greater. This stage is commonly (!) a launchpad into stage 5 of the cycle.

If we do break… https://t.co/SS4ufsugRI pic.twitter.com/9lJZPIa4go

— CryptoAmsterdam (@damskotrades) August 7, 2025

Indicators Assist Upward Momentum

On the 4-hour chart, ENA trades above the 20, 50, 100, and 200-period exponential shifting averages (EMAs). These are aligned in bullish order, with the present value sitting effectively above the 200 EMA close to $0.49. This sample typically suggests a continuation within the present development.

Moreover, the Cash Stream Index (MFI) reads 57. This alerts rising shopping for curiosity however nonetheless leaves room earlier than overbought situations are reached. An MFI below 80 suggests the development should have room to run.

Retail Merchants Are Energetic Once more

Knowledge from CryptoQuant exhibits retail exercise has elevated sharply. The newest readings within the $0.60 to $0.70 vary are marked crimson, labeled as “Too Many Retail,” an indication of heavier participation by smaller merchants. Comparable previous clusters have typically appeared close to native peaks.

Crypto Rand noted the identical development, pointing to robust inflows and regular consolidation. The present buying and selling sample suggests the market is ready to see whether or not this stage will break or maintain.

Lastly, the $0.65 stage stays a key space. A confirmed breakout may open the best way towards greater targets. Failure to carry above that line could convey value again to the decrease vary. Till then, the market construction stays impartial, and merchants are expecting affirmation in both route.