Ethena (ENA) Price Analysis: Institutional Buying Fuels Strong Recovery
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The post Ethena (ENA) Price Analysis: Institutional Buying Fuels Strong Recovery appeared first on Coinpedia Fintech News The ENA price has demonstrated a remarkable rebound after a steep decline earlier this month. On October 10, Ethena price crashed to $0.14, triggering widespread liquidations. However, large-scale institutional buying quickly followed, propelling ENA nearly 200% higher from its lows. This swift recovery shows a strong accumulation by investors that were eager to capitalize on discounted prices. As of today, ethena ena price USD trades around $0.46, that’s up 2.65% intraday, after testing support from a rising short-term trendline. The weekly price movement, which saw ENA climb from $0.35 to $0.50, indicates a healthy rebound structure despite facing resistance near its 20-day EMA. With both the 20-day and 200-day EMAs still overhead, the token continues to consolidate below, awaiting a stronger bullish trigger. Neutral Funding Rates and TVL Stability Strengthen Market Outlook While price volatility still remains a major factor, but for now the derivatives data shows a balanced sentiment among traders. Funding rates have stabilized around +0.0033%, recovering from a sharp negative dip of -0.0753% on October 11. Currently, it reflects a neutral bias in the market, suggesting that both longs and shorts are evenly positioned; however, on the rising bulls’ demand, funding rates could rise again. Additionally, despite the turbulence this month, ENA price chart data suggests that accumulation continues to persist. As witnessed, Ethena’s total value locked (TVL) fell from its all-time high of $14.97 billion to $11.26 billion, yet this still represents nearly a 25% decline, which is much lower than how other altcoins crumbled and still holds significant value in TVL that represents investors’ good trust in Ethena. Such resilience highlights the strong underlying fundamentals supporting ENA crypto. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left:…
Filed under: News - @ October 22, 2025 7:26 pm