Ethena Crypto Surges +16.5% Following Unlock Recovery: Will ENA Crypto Reach $1 This May?
Ethena digital currency ($ENA) has successfully surged past the $2 threshold, marking a remarkable 200% increase from its low of $0.67 in April, as detailed in the recent bottom. In just the last day, it experienced a 15% rise.
Market participants are keeping a close eye on developments: with the upcoming resistance at $2.45, it’s poised for either a upward movement or a decline.
This follows Ethena’s decision to release 171.88 million ENA tokens on May 5, valued at $53 million. This accounts for 3.1% of the circulating supply suddenly becoming active.
Ethena 2025 Roadmap: https://t.co/f0A7J7oo3X
— Ethena Labs (@ethena_labs) January 30, 2025
Positive Technical Indicators for Ethena Crypto
After being trapped in a downward trend for months, ENA broke through the $0.45 barrier level and peaked at $0.46 before stabilizing. Technical indicators are favoring the bulls: RSI remains above 50, and MACD has moved into positive territory.
The crucial question is whether $0.45 can act as a solid base or yield to selling pressure.
At the heart of Ethena’s framework is USDe, a stablecoin linked to the dollar and designed to function independently of banking systems. The governance crypto token ENA empowers holders to influence various aspects of the protocol, from upgrades to policy matters.
Ethena’s strategic alliance with Hyperliquid has further piqued interest in the project, allowing users to connect USDe to Hyperliquid’s HyperEVM. This strategic initiative, announced on May 5, led to a 36% increase in price over the past week by unlocking new utility for tokens and expanding the ecosystem.
Price ceiling Ahead, Yet a Positive Long-Term Outlook
99Bitcoin’s experts are monitoring ENA’s $0.45 threshold. If ENA can garner adequate momentum upwards, it could initiate a rally to $0.80. However, a failure to maintain this level risks a retracement, with $0.33–$0.36 acting as the next price floor area.
. Alternative coin summer 2025, get ready 
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While ENA may encounter obstacles in its pricing, its cutting-edge stablecoin initiative and financial services firmly establish it as a promising contender in the crypto arena.
Concluding Thoughts on Ethena Crypto
The rally of ENA shows potential, but breaking through $0.45 will determine if it is a genuine price breakout or merely a pause. Strengthened by an increasing adoption of USDe and a new collaboration with Hyperliquid, its fundamentals appear solid. Still, a pullback remains a possibility—momentum is currently robust but delicate.
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Key Takeaways
- Ethena crypto asset ($ENA) has successfully surged past the $2 threshold, marking a remarkable 200% increase from its low of $0.67 in April
- Long-term Ethena’s continued development and strategic partnerships make it well-poised for altseason
The post Ethena Crypto Pumps +16.5% In Post-Unlock Recovery: Can ENA Crypto Break $1 This May? appeared first on 99Bitcoins.
