![BitTorrent [New]](https://s2.coinmarketcap.com/static/img/coins/64x64/16086.png)
Over the last weeks, Ethena’s ENA token has seen significant price volatility, which makes concerns over its future direction reasonable. Investors and analysts are paying close attention to its movements, weighing recent price trends against imminent developments.
As a significant token unlock approaches and the market is ever so chaotic, we have to understand where ENA could head. Experts have weighed in, with some expecting a rebound and others predicting potential declines. Here, we take a look at ENA’s most recent results, landmark developments, and the outlook.
ENA Price Overview
The token ENA of Ethena is currently trading around $0.3779 with a plunge of 7.18% over the last 24 hours as of March 7, 2025. With 5.29 billion ENA tokens in circulation, the token has a market cap of about $1.99 billion. This latest decline comes in the wake of general market turbulence and a large token unlock on the horizon that may affect price movements further. Investors seem to be eying, will ENA pullback or face one more downside pressure?
Recent ENA Price Movements
The ENA token of Ethena has traded in the last 24 hours with a low of 0.3523 and a high of 0.4113. During the last quarter, its price ranged from $0.3385 to $0.4749, showing both the volatility commonplace in cryptocurrency markets.
These price swings depend on wider market trends, investor sentiment, and key events related to major tokens. Now, with the next 2.07 billion ENA unlock coming up, traders are considering price movement. Investors will need to focus on key support and resistance levels to steer their action.
Analyst Insights
On the weekly chart, crypto analyst Ali Martinez indicates a potential buying opportunity for Ethena’s ENA token with a bullish signal from the TD Sequential Indicator. This technical indicator is used to look for trend reversals, and ENA may be ready for the reverse. Martinez noted:
“The weekly chart of Ethena $ENA is forming a TD sequential buy signal, and Ethena may be primed for a rally!
It is what investors may be watching for a price reversal.
Upcoming Token Unlock
Ethena Labs is scheduled to release about 2.07 billion ENA tokens, worth roughly $741 million, or nearly 40% of the circulating supply. Its multisignature wallet has sent 94.16 million ENA, or $33.7 million, to 33 addresses in the last 18 hours. A total of 59.3 million ENA tokens worth $21.08 million have either been traded on decentralized exchanges or moved to Binance. With such a token unlock, price stability may become affected as holders evaluate the impact on the market.
Price Predictions
Different platforms have made price predictions for ENA:
Binance: Forecast (according to the data from 1 of 3 October 2023) of 5% up to $0,406882 until the end of the week.
CoinCodex predicts that ENA may be traded between $0.366078 and $1.748609 next year, which indicates a promising growth of 366.07%. citeturn0search1
SwapSpace: For 2025, price predictions range between $0.6496 and $0.656, indicating upside potential.
The Currency Analytics: Projects that ENA may go as high as $2.37 during 2025 and $7.39 by 2030.
CCN.com: A more conservative forecast predicting ENA to drop to $0.146 by the end of 2025.
ENA’s Defining Moment
Recent price action, as well as the upcoming major token unlock, has seen Ethena’s ENA token at a pivotal point, attracting vastly divergent predictions from analysts. Some experts expect potential short-term rebounds driven by technical factors, while others caution that it is applying downward pressure via the addition of supply. How the 2.07 billion ENA unlock will affect sentiment in the asset class and liquidity is closely watched by investors. As things develop, keeping an eye on key support and resistance levels will be critical to making prudent decisions.
Stay connected with TurkishNY Radio by following us on Twitter and LinkedIn, and join our Telegram channel for more news.
Frequently Asked Questions
What is the 2 billion token unlock of Ethena?
Ethena Labs will be unlocking 2.07 billion ENA tokens, which is almost 40% of the circulating supply and thus likely to impact price, liquidity, and investor sentiment.
What does this token unlock mean for ENA’s price?
The short-term volatility could also lead to some downward price action due to increased supply. But the long-term influence will hinge on demand, investor demand, and market conditions.
Does this mean the ENA token is a good investment?
ENA’s future is reliant on its adoption, utility, and prevailing market dynamics. Analyzing technical indicators, tokenomics, and expert predictions can ensure wise investments.
What should investors look for post-unlock?
Some of the key indicators to consider are price action(s), volume of trade(s), investor sentiment, and tokenomics. Monitoring exchange inflows and whale activity can allow us to anticipate market behavior.
Glossary of Key Terms
Token Unlock: Scheduled emissions of previously locked crypto tokens into the market that could affect supply, demand and price movement
Circulating Supply: The supply of tokens that have been released (e.g. unlocked) and are circulating. Price trends can be affected by the supply fluctuations.
Liquidity: How easily an asset can be purchased or sold without affecting its price significantly. High liquidity leads to smoother transactions and lower price volatility.
Volatility: Implied volatility The level at which the price of an asset oscillates over time. Cryptocurrencies are notoriously volatile, sometimes responding to supply dynamics, news, and investor behavior.
Technical Indicator: The last word is a statistical tool used in trading analysis to predict price direction and reverse based on previous data such as moving averages, Fibonacci levels, and TD Sequential signals.
TD sequential indicator: a widely-used indicator for technical analysis that aims to identify when trends are becoming exhausted and reversals are likely to happen. Analysts use it to spot buying or selling opportunities.
Whale Activity: Significant trades by high-net-worth individuals or large institutional players that can impact market prices and sentiment, particularly in less liquid tokens.
Multi-signature (Multisig) Wallet: A cryptography wallet that needs several private key people to sign whenever anything you do is finalized. It is an extra layer of security, a method employed by organizations with large funds or token reserves.
NOTE: Cryptocurrency investment is subject to the inherent risk of market volatility. This article is for informational purposes only and should not be considered financial advice.
