Ethena (ENA) Price Prediction: Analyst Predicts a 40–50% RallyENA / TetherUSBINANCE:ENAUSDTCoinCodex* The ENA price has broken out of a 4-hour falling wedge, with volume picking up sharply after a brutal 60% slide. * The key area to watch is $0.105–$0.10 for support, with $0.12 acting as the first real resistance test. * On-chain data is starting to stabilize, but the bigger daily trend hasn’t fully turned yet. When you step back and look at Ethena’s recent price action, it’s pretty clear the panic has cooled off, even after that heavy multi-month drop. The ENA price didn’t ease lower slowly. It fell hard, shedding close to 60% in just a few months and slicing through several support levels. That move wiped out late buyers and drained the optimism that had been building. But lately, the tone feels different. Price isn’t cascading anymore. It’s stabilizing. For the past few sessions, the ENA price has been hovering just above the $0.105–$0.11 area. That zone matters. It used to act as support, briefly broke down, and then was quickly reclaimed. Since then, dips into that range are getting absorbed instead of accelerating lower. That’s important. After weeks of lower highs and failed rebounds, this is the first time price is holding steady instead of rolling over immediately. It doesn’t confirm a full trend reversal, but it does suggest the market is catching its breath instead of panicking. On-chain data lines up with that shift. The market cap has stopped sliding sharply and is now moving sideways. Active addresses and transfers are ticking up again as price holds above $0.10. Fresh capital hasn’t poured in yet, but it’s clear that sellers aren’t dominating like before. So what’s next for Ethena? The real test is overhead. The ENA price is now pushing into the $0.12 area, which lines up with a key Fibonacci level and a previous breakdown zone. Every recent bounce has stalled near similar resistance. Until ENA clears $0.12 and builds support above it, upside moves still look like relief rallies inside a broader downtrend. But if that level gives way, the $0.15–$0.16 zone starts to look realistic, which would line up with that 40–50% upside scenario. For now, Ethena is in a transition phase. The selloff damage is done. What the ENA price needs next isn’t excitement, it’s proof.