ENA Hits $0.70 Amid $10B USDe TVL Surge—Can Bulls Push to $1.50 Next?

ENA breaks $0.70 after bullish flag breakout, setting sights on $0.88 and $1.50.

USDe supply jumps $3.1B in <20 days, approaching $10B TVL with rapid DeFi adoption.

Whale holdings of ENA rise 30% in 90 days, adding momentum to the breakout.

Ethena’s ENA is charging through $0.70 with unstoppable momentum, powered by $10B USDe growth, whale demand, and breakout signals—setting the stage for what could be its most explosive rally yet.

Breakout Signals Higher Targets

ENA’s price action on the 4-hour chart shared by Ali Charts on X shows a breakout from a bullish flag pattern. The rally began at $0.25 in July, climbing to $0.67 before consolidating. The breakout occurred near $0.64, pushing price to $0.7277 as at press time, up 18.44% in 24 hours and 34.31% in the last week. Fibonacci extensions mark potential upside targets at $0.8741, $1.0207, $1.2487, and $1.4742.

Source: Ali Charts

Support lies within the daily order block between $0.5794 and $0.5110. A retrace to $0.6008–$0.5843 could offer entry for continuation. Short-term targets include $0.6584, $0.6835, $0.7000, and $0.7664, the latter aligning with a weekly bearish imbalance.

Weekly Structure Reinforces Bullish Outlook

On the weekly ENA/USDT chart, a double bottom at $0.2088 and a rounded bottom pattern point to strong accumulation. Price is testing the $0.7092 resistance zone for the second time in 2025 after breaking above the 50-day and 100-day moving averages.

The RSI has moved above 60, a level historically linked to extended rallies. A weekly close above $0.7092 could open the path to $1.2549, last touched in December 2024.

USDe Growth and Whale Buying Drive Demand

USDe supply has surged by $3.1 billion in less than 20 days, now approaching $10B TVL, according to Aylo on X. Growth has outpaced all BTC and ETH ETFs combined, with key integrations like AAVE fueling adoption

Whale accumulation of ENA has climbed over 30% in 90 days. Ethena DAT continues buying $5M ENA daily, creating a supply-demand imbalance in favor of bulls. Declining Bitcoin dominance further supports altcoin momentum.

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