ENA price is showing positive momentum after registering a solid 18% increase in the last 24 hours. At the same time, the technical indicators are signaling more gains for the token once it manages to break above critical resistance levels.
At the time of writing, ENA is trading at $0.2598, with a 24-hour trading volume of $1.55 billion and a market capitalization of $2.59 billion, according to CoinMarketCap.
ENA Price Approaches Key Resistance
Crypto analyst More Crypto Online noted on September 25, 2026, that the ENA price is getting closer to the upcoming resistance level of $0.265.
If a strong breakout occurs above $0.265, then the path will be open towards the Fibonacci resistance at $0.365. But the downside will still play an important role in case of a breakdown below $0.197.
From the current price movement, it is clear that the price of ENA has rallied strongly from its previous price, making the $0.265 level a major resistance level worth watching out for.
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ENA Technical Indicators Show Rising Momentum
Additionally, Bollinger Bands for ENA indicate that there will be strong upward movement in prices. The current trading price for the token is $0.25538, which is above the midline at $0.17520.
The upper Bollinger Band is set at $0.24553, whereas the lower Bollinger Band is set at $0.10486. This shows that there is a strong increase in buying pressure, and the volatility level of the token has increased considerably.
The MACD Indicator also corroborates the existing uptrend pattern. The MACD Line can be observed at 0.02385, which is higher than the signal line at 0.01629. The histogram is currently positive, at 0.00756.
The difference between the MACD Line and Signal Line, together with the positive histogram, implies that the upward momentum is gaining strength. Nonetheless, ENA’s capacity to retain its gains near the $0.265 resistance level may be decisive for the future trend pattern.
Ethena Expands USDe Strategy With Binance
Apart from the technical implementation, Ethena is also increasing the possibilities for the use of USDe through a new collaboration with Binance.
The plan is to extend the basis trading mechanism used by Ethena to perpetual equity, whereby the real-world assets are tokenized and then used as collateral.
As per the structure, bStocks tokens will become tokenized spot collateral, and Binance’s USDT-denominated equity perpetuals will serve for hedging purposes. According to Ethena, the new structure works in line with the delta-neutral strategy the company has been using in crypto assets starting from USDe’s introduction.
The collaboration allows Ethena to have the market of collateral expanded from around $2.5 trillion worth of crypto assets to more than $150 trillion worth of real-world assets.
In addition, Binance will offer decreased auto-deleveraging priority to delta-neutral accounts, among which is Ethena’s account. It is expected that this step will bring more risk management into the framework of USDe.
Equity Perpetuals Could Expand Ethena’s Market
According to Ethena, Binance’s equity funding rate has been above 11% annualized in the last six months, whereas open interest has grown by an average of 30% monthly in the last three months.
The project sees equity perpetuals providing a significantly bigger potential market compared to crypto perpetuals that enabled its previous growth spurt.
Ethena predicts that more than $15 billion worth of crypto perpetuals was seized during its last cycle. Hence, the move towards equities perpetuals can play an important role in Ethena’s strategy as it shifts away from using crypto collateral in USDe.
On the other hand, for ENA price, the interplay of increased momentum and the happenings in the Ethena ecosystem makes the $0.265 resistance level crucial. Breaking out to the upside can make the $0.365 Fibonacci level relevant, while breaking below the $0.197 level weakens the bullish technical picture.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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