Ethena Price Prediction: Rare “Golden Cross” Signal Appears – ENA Could Double From Here

A golden cross on the daily chart has flipped the mid-term trend bullish for Ethena (ENA), setting the stage for a potentially much larger move ahead.

In just the past week, ENA has jumped 33%, making it one of the strongest performers in the top 100 as retail liquidity pours back into altcoins.

These gains follow wider market warming catalysts, as a Trump-signed executive order granted crypto assets exposure to the $9 trillion 401(k) retirement investment market.

The macro narrative takes the forefront, however, with U.S. labour market and inflation data reports this week likely to influence the timeline for potential interest rate cuts.

Speculators anticipate up to three rate cuts before year-end, starting as early as September, with the potential to stimulate new inflows into risk assets like cryptocurrencies.

Market Participants Betting on the “Fastest Horse”

Retail liquidity is rallying behind Ethena as the DeFi play of choice, as the top performer in the sector over the last 90 days, as bullish fundamentals stoke investor sentiment.

Its core product has become the fastest-growing stablecoin, surpassing $10 billion in circulating supply just 500 days after launch, outpacing market leaders USDT and USDC.

Much of this growth has come over the past 30 days, with supply up 95% to $10.431 on the back of the U.S. GENIUS Act establishing a formal regulatory framework for stablecoins.

ENA is also riding tailwinds from ETH breaking above $4,000, a key psychological barrier it had struggled to clear since December, adding to bullishness for the Ethereum-based project.

Ethena Price Analysis: Double Cross Points to 2x Rally Repeat

As bullish narratives and fundamentals align for Ethena, its technical setup now mirrors the same pattern that fueled its late-2024 rally.

The 50SMA has crossed above the 200SMA in a golden cross, signaling a decisive mid-term trend shift after months of trading below the long-term average.

The last time this happened, the Ethena price rallied 120% rally. Should it repeat this time around, Ethena could push to retest its all-time high around $1.50—another 94% up from here.

If flipped to support, this level would confirm the breakout ascending channel brewing since mid-2024, setting sights much higher at $8 for a potential 950% rally.

Momentum indicators back the bullish case. The MACD line has once again crossed above the signal line, reinforcing the outlook for a sustained mid-term uptrend on the daily chart.

However, the RSI has made a sharp reversal after breaching the oversold threshold above 70, suggesting seller exhaustion and a likely near-term correction to find stronger footing.

In the near term, a retracement toward $0.70 appears to be a probable price floor as the RSI cools and markets digest potentially bearish labor market and inflation data.

Traders Could See a 1000x Today With Leverage – Here’s How

With bull market sentiment returning and market volatility running high, leverage traders stand to benefit the most from market moves.

For spot traders, a 1000x is a rare occurrence requiring the luck to get in early or the conviction to play the long game on plays like ENA.

Leverage traders play a different game. They don’t wait for the market to move—they predict it.

Now with CoinFutures, the brand-new leveraged trading platform from the hugely popular CoinPoker platform, getting started is simpler than ever.

With CoinFutures, you decide if a crypto is going up or down, how much to stake, and how much leverage to use—up to 1000x.

Leverage can amplify both gains and losses, but built-in stop-loss orders help limit risk by automatically selling when a trade moves the wrong way. You can also cash out at any time, giving you complete control over your exposure.

For traders who embrace high stakes, targeting a 1000x gain can be a deliberate and strategic choice.

You can start using CoinFutures right away by visiting the official website. No KYC checks or exchange accounts are needed, so you can be set up and trading within minutes.

The post Ethena Price Prediction: Rare “Golden Cross” Signal Appears – ENA Could Double From Here appeared first on Cryptonews.