Ethena Price Climbs 10 Percent – $0.27 Mark in Focus

The price of cryptocurrency Ethena (ENA) rose sharply on November 25, 2024, and is currently trading at $0.2686 – representing a gain of approximately 10 percent compared to the previous day's close of $0.2441^[1]. The project's market capitalization currently stands at just under two billion USD.

Within 24 hours, the price moved in a range between $0.2403 and $0.2707^[1]. Technically, the picture appears bullish: ENA is trading above the 20-day moving average (EMA-20) at $0.250 and is forming an upward structure with higher highs and lows.

Analysts identify short-term support levels at $0.25025 and $0.2552. The next resistance levels are considered to be $0.2707 as well as the Fibonacci level at $0.2898^[1]. A sustained breakout above $0.2707 with increasing trading volume could pave the way toward $0.29. However, if the price falls below the EMA-20, a correction toward the $0.218 to $0.232 range threatens^[1].

Experts recommend that investors pay attention to confirmed volume signals and set stop-loss marks below $0.245.