ENA Price Builds Strong Accumulation Base As Analysts Target 20x Upside

By Sajjal Ali | Edited By Ammar Raza,July 25, 2026, 12:30 AM

Ethena (ENA) is showing signs of recovery as analysts point to a potential breakout above key resistance that could confirm a bullish trend reversal.

At the same time, the protocol’s expanding rewards program highlights growing user participation, strengthening investor confidence and reinforcing its position in the decentralized finance ecosystem.

At the time of writing, ENA is trading at $0.08698 with a 24-hour trading volume of $100.81 million and a market capitalization of $831.63 million. Despite the 1.66% loss over the last 24 hours, the ENA price structure and network growth point to a bullish reversal ahead.

Source: CoinMarketCap

Also Read: Ethena Expands to Monad as ENA Price Eyes Bullish Breakout

ENA Price Could Rally 20x if Resistance Breaks

According to the crypto analyst Crypto Patel, the ENA price has completed two nearly identical 73% distribution declines after falling roughly 94% from its $1.52 all-time high. 

The ENA price recently swept liquidity near its all-time low and has spent five months building an accumulation base between $0.077 and $0.056. Analysts believe this structure signals selling pressure may be fading steadily.

Source: Crypto Patel’s X Post

The positive outlook is based on the fact that the ENA price recovers and closes above $0.1402 on a weekly chart, which will mean the reversal of the uptrend in a higher timeframe. 

In case of breaching this level, the upside targets can be $0.25, $0.52, $1.20, or even more than $2. The token unlocking and increase of USDe’s supply remain the primary threats.

Ethena Rewards Approach $750M Milestone

The data from Ethena further highlighted that Ethena is now approaching an important milestone, as the amount of total rewards being paid out to participants in the network approaches $750 million. 

This is a milestone that reflects the rapid growth of the protocol and its increasing user base taking advantage of its services. Increasing rewards payouts means increased activity, where more users are making use of its services.

The accomplishment demonstrates that Ethena is establishing itself in the realm of decentralized finance. 

The ability to convert almost $750 million into rewards indicates how well Ethena has managed to motivate long-term participation and grow the ecosystem. It can also help gain more investor trust in the company as it expands.

Despite the bullish price predictions and strong network growth, the ENA price is still moving in a downward direction. This outlook is largely impacted by the general trend in the crypto market as the Bitcoin price is moving downward.

What Could be Next for Ethena?

For the ENA price, the focus is on closing above the key resistance at $0.1402 for a week. Such an event may signal that bulls have taken control, while new demand would come in. 

Meanwhile, the token unlock events, the increase rate of USDe, and further ecosystem growth are worth keeping an eye on.

Also Read: Ethena Price Analysis: ENA Breakout Signals a Strong Move Toward $0.10

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.