Featured News Headlines
Ethena Price Forecast- 3 Bullish Signals You Need to Know
Ethena Price Forecast– Something is quietly brewing under the surface of Ethena (ENA)—and savvy traders are starting to take notice. While most of the market remains sluggish, ENA is flashing early signals of a potential breakout.
Whales Are Accumulating—Big Time
The clearest sign? Whales are buying, not selling. According to Nansen, large ENA holders increased their positions by 8.15% in just seven days, worth roughly $1.87 million at current prices. That kind of sharp accumulation during a sideways market signals confidence—and possible insider expectations of a major move.
Meanwhile, exchange balances are dropping fast. Over 1.07 billion ENA have been withdrawn from exchanges this week, moving into private wallets. That’s a classic bullish setup: supply dries up, and upward pressure builds.
OBV Divergence Reveals Hidden Strength
The chart reveals another critical clue: while price formed a lower high, the On-Balance Volume (OBV) made a higher high—a bullish divergence. This tells us that buying pressure is growing, even if the price hasn’t yet reacted. OBV is often an early signal of smart money stepping in quietly before big moves.
Eyes on the Breakout Zone: $0.60 Is the Level to Watch
Technically, Ethena (ENA) is still trading inside a converging wedge, hovering near $0.57. But if price breaks above $0.58, the next critical target is $0.60—a key Fibonacci level. A clean move past it could trigger a rally toward $0.65, $0.71, or higher.
With whale activity rising and hidden momentum building, Ethena (ENA) may be on the verge of its next major leg up.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
