TLDR:

ENA price jumps 40% in a week, now testing $0.75 resistance for a potential breakout.
Key support at $0.54–$0.58 holds, confirming the recent breakout zone for bullish momentum.
Analysts set upside targets at $0.77, $0.90, $1.05, and possibly $1.20 if trend strength continues.
Token unlock event looms, with traders watching if ENA can stay steady and build further upside.

Ethena (ENA) has been one of the strongest altcoins on the market this week. Its price has climbed over 40% in seven days, and traders are watching closely. 

Momentum is building near a key level that could decide its next major move. If buyers hold the line and push through resistance, $ENA might be set for another sharp leg higher. The focus now shifts to what happens at $0.75, the level everyone is watching.

Key Ethena Price Retest Zone Holds the Spotlight

Market analyst Posty highlighted a critical price area between $0.54 and $0.58. ENA already broke above this range, and that zone is now acting as support. If it holds, it could confirm that the breakout was real and not just a temporary move.

$ENA

Got too greedy with the entry yesterday but there is still hope with vc unlocks in 2 days, time will tell.

The fact is that you should be paying attention to coins that bounce the hardest and show strength.

Flip $0.75 in the right conditions and I think we see a swift… https://t.co/GQjvVTgGbr pic.twitter.com/rElRxxj222

— Posty (@PostyXBT) July 31, 2025

Currently, ENA trades around $0.6604, according to CoinGecko. The coin surged after clearing multi-month resistance, and traders are now waiting for confirmation before committing to the next big push.

Posty noted that a clean break above $0.75, backed by volume, could set off a swift rally toward $1.20. This level has become the market’s trigger point. Traders expect any breakout to attract fresh momentum buyers who missed the first move.

Adding to the mix, ENA faces a token unlock in two days, which could bring short-term volatility. Some see this as a risk, while others believe it could fuel the next rally if the price holds steady through the event.

Bigger ENA Price Targets on the Horizon

Team LAMBO Charts described ENA as one of the “strongest momentum plays” in the market. Their targets stretch well beyond $1, starting with $0.77, then $0.90, followed by $1.05. They even mapped out higher levels up to $1.73 if the trend stays intact.

$ENA Update – Strongest Alt Momentum Play Right Now

The breakout above $0.30, $ENA surged to a local high of $0.70 — a +133% move.

Targets intact:
→ $0.77 → $0.90
→ $1.05 → $1.31 → $1.73+

Invalidation: $0.45 (0.786 fib)

This is how major trends start. https://t.co/innzqEoE1T pic.twitter.com/oaylm5kKJP

— Team LAMBO Charts (@TehLamboXcharts) July 31, 2025

For now, $0.75 is the gateway. A bounce from the $0.54–$0.58 range and a breakout above $0.75 could open the door to $1.20. If bulls falter, though, traders may need to reassess.

ENA’s trading volume has soared, topping $1.3 billion in 24 hours. This surge in activity shows just how closely the market is watching. The next move depends on whether buyers defend support and flip $0.75 into a launchpad.

All eyes are now on the chart. If ENA clears its next hurdle, it may not stay under $1 for long.

ENA price on CoinGecko

 

The post ENA Price Breakout in Play: Ethena Traders Eye $0.75 Flip for Next Leg Up appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 31, 2025 11:24 am