The post Ethena (ENA) Price Prediction: Ethena Eyes Key Support Amid Volatility as Bulls Target $1.20 appeared on BitcoinEthereumNews.com.

Ethena (ENA) is back in the spotlight as traders closely watch its key support levels, aiming for a potential rebound toward $1.20 amid recent market volatility. After a sharp decline from recent highs, ENA is attempting to stabilize above critical support zones. Analysts highlight both the risks of further dips and the potential for a bullish recovery, making this phase crucial for investors monitoring Ethena crypto. ENA Shows Signs of Recovery Ethena (ENA) is currently navigating a period of heightened volatility after experiencing a significant price decline from recent highs. Traders and analysts are closely watching the token’s performance as it attempts to hold critical support levels while positioning for a potential bullish rebound toward $1.20. Ali identifies $0.38 as key support for Ethena (ENA) with potential upside toward $1.20. Source: Ali Martinez via X As of November 1, 2025, ENA is trading around $0.39, stabilizing near a key support zone identified by market experts. “$0.38 is a strategic entry point for Ethena’s $ENA perpetual contract,” noted crypto analyst Ali, highlighting both the risks of further dips and the upside potential if buying pressure persists. Support Levels Under the Microscope Technical analysis points to a primary support range between $0.38 and $0.45. This zone is crucial for maintaining market confidence and preventing further downward momentum. A market maker signals potential support for Ethena (ENA) around $0.25–$0.31. Source: Hyper Up via X Additional lower support zones exist between $0.25 and $0.31, as highlighted by Hyper Up, which referenced Hyperliquid order book data showing clustered buy liquidity. Such levels may act as temporary floors if volatility intensifies due to upcoming token unlocks. These scheduled unlocks, totaling over 266 million $ENA tokens in early November, are expected to introduce short-term selling pressure, testing the resilience of current support levels. Current Price Action and…

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Filed under: News - @ November 1, 2025 8:24 pm