Ethena (ENA) Price Prediction: Will ENA Rise 13.7% Next?

Ethena (ENA) price has surged over 11% in the last 24 hours, bringing its market cap to $3.5 billion. This rally is supported by strong technical

Ethena (ENA) price shows promising signs of recovery after surging over 11% in the last 24 hours. This rally is supported by several technical indicators.

As of press time on Friday, the total cryptocurrency market cap stands at $1.1 trillion, showing a slight increase of 1.3% over the last day. Bitcoin (BTC) price also saw a marginal uptick of 1.2%, currently trading around $42,500.

Ethena (ENA) price rallies over 11%

The Ethena (ENA) token price surged significantly on Thursday, showing a gain of over 11% in the last 24 hours. This rally is accompanied by a surge in its trading volume, which reached $65 million during the same period.

The token also demonstrated an impressive漲幅, surging by over 130% year-to-date (YTD).Ethena (ENA) price reveals promising technical strength after surging over 11% in the last 24 hours. This rally is further supported by several key technical indicators.

A closer look at Ethena (ENA) price reveals promising technical strength. The Chaikin Money Flow (CMF) for Ethena (ENA) has seen a sharp increase from nearly 0 two days ago to 0.36 today. This significant rise in the CMF indicates a substantial improvement in capital inflows, highlighting increased buying pressure in the short term.

The CMF is a momentum indicator that measures the flow of money into and out of an asset based on price and volume. Values above 0 suggest net buying pressure, and values below 0 indicate net selling pressure.

With a CMF of 0.36, ENA signals strong positive momentum, suggesting that investors are actively accumulating the token. This could indicate growing confidence in Ethena potential for price appreciation, as increased capital inflows often support upward price movement.

If the CMF maintains its upward trajectory, ENA price could experience sustained growth in the near term, provided buying pressure continues to outweigh selling activity. However, any decline in the CMF could signal a loss of momentum, potentially leading to consolidation or a pullback.

Ethena (ENA) price shows strong uptick in trend strength

A look at the Ethena (ENA) price reveals a strong uptick in trend strength, as evident from the directional movement indicator (DMI). The average directional index (ADX) surged to 25.6, showing a significant increase from 9.9 just two days ago.

The ADX, or Average Directional Index, measures the strength of a trend on a scale from 0 to 100. Readings above 25 indicate a strong trend, while values below 20 suggest weak or absent momentum. With the ADX now firmly above the 25 threshold, it confirms that ENA price is experiencing a strong trend, aligning with its current uptrend.

The directional indicators further highlight the dominance of bullish momentum. The +DI has risen sharply to 42.1, reflecting strong buying pressure, while the -DI remains at a much lower 9.9, signaling minimal selling activity. This configuration indicates that buyers are firmly in control, driving the price upward with significant strength.

In the short term, these DMI readings suggest that ENA’s uptrend is likely to continue. However, sustained gains will depend on the ADX maintaining its upward trajectory and the +DI retaining its dominance over the -DI.