Key Takeaways:
Ethena is a stablecoin project built on Ethereum that offers USDe, a fully decentralized coin pegged to the US dollar.
Unlike stablecoins such as USDC or USDT, USDe doesn’t depend on banks or centralized companies for reserves. Instead, it uses a cash-and-carry trading strategy to keep its value equal to the dollar.
For investors who prioritize decentralization, USDe could be an appealing choice — especially since it currently offers staking rewards above 9%. However, critics caution that since the project is still new, it’s uncertain whether USDe’s high yields and dollar peg can remain stable during a market downturn.
Based on these developments, we’ve compiled our Ethena price prediction from 2025-2031. In this article, we’ll find out “Will ENA reach $10?” and explore the factors behind ENA price prediction.
| Cryptocurrency | Ethena |
| Ticker | ENA |
| Price | $0.23 (-4.5%) |
| Market cap | $3.59 |
| Trading volume (24-hour) | $457M |
| Circulating supply | 7.15B ENA |
| All-time high | $1.52 (11 April, 2024) |
| All-time low | $0.1858 (11 October, 2025) |
| Metric | Value |
| Current Price | $0.23 |
| Price Prediction | $ 0.2240 (-1.24%) |
| Fear & Greed Index | 42 (Fear) |
| Sentiment | Bearish |
| Volatility | 13.66% (Very High) |
| Green Days | 11/30 (37%) |
| 50-Day SMA | $ 0.5147 |
| 200-Day SMA | $ 0.4819 |
| 14-Day RSI | 32.19 (Neutral) |
The ENA price analysis for November 22 confirms that ENA witnessed bearish pressure as it declines toward $0.227. Currently, the ENA price is preparing for a bearish rally.
Analyzing the daily price chart of ENA tokens, ENA witnessed a bearish correction after sellers pushed the price toward support lines. Sellers are now aiming for a hold below the immediate Fib channels around $0.227. The 24-hour volume surged to $33.9 million, showing a surge in interest in trading today. Ethena’s price is currently trading at $0.23, which has dropped by over 4.5% in the last 24 hours.
ENA/USDT Chart by TradingView
The RSI-14 trend line has dropped from its previous level and hovers within the neutral level at 27, showing that bears control price momentum slightly. The SMA-14 level suggests volatility in the next few hours.
The 4-hour ENA price chart suggests that ENA experienced a bearish activity around EMA lines, creating a negative sentiment on the price chart. Currently, buyers aim for a strong rebound above the EMA20 trend line.
ENA/USDT Chart by TradingView
The BoP indicator trades in a bullish region at 0.03, suggesting that buyers are trying to build pressure near resistance levels and boost upward correction.
However, the MACD trend line has formed red candles below the signal line, and the indicator aims for negative momentum, strengthening selling positions.
| Period | Value | Action |
| SMA 3 | $ 0.4590 | SELL |
| SMA 5 | $ 0.4286 | SELL |
| SMA 10 | $ 0.4654 | SELL |
| SMA 21 | $ 0.4656 | SELL |
| SMA 50 | $ 0.5147 | SELL |
| SMA 100 | $ 0.6009 | SELL |
| SMA 200 | $ 0.4819 | SELL |
| Period | Value | Action |
| EMA 3 | $ 0.4700 | SELL |
| EMA 5 | $ 0.5112 | SELL |
| EMA 10 | $ 0.5680 | SELL |
| EMA 21 | $ 0.6112 | SELL |
| EMA 50 | $ 0.5906 | SELL |
| EMA 100 | $ 0.5263 | SELL |
| EMA 200 | $ 0.4938 | SELL |
The hourly price chart confirms bears are making efforts to prevent the ENA price from an immediate surge. However, if the ENA price successfully breaks above $0.2505, it may surge higher and touch the resistance at $0.2866.
ENA/USDT Chart by TradingView
If bulls cannot initiate a surge, ENA price may drop below the immediate support line at $0.218, resulting in a correction to $0.2003.
Whether ENA is a good investment depends on your goals and how much risk you’re comfortable with. Ethena has been ranked among the 100 cryptocurrencies. Still, there are questions about its demand, given its similarity to algorithmic stablecoins — a concept that lost trust after LUNA’s collapse in 2022. Even so, Ethena has shown strong performance during market surges, making it a solid project in the crypto market.
If you believe in the project’s future and don’t mind the ups and downs, it might be worth putting in a small amount.
ENA’s price gained selling pressure around recent highs, resulting in a minor downward push. This created a decline toward $0.23.
If buyers hold above the $0.3 level, we might see a comeback in buying demand.
ENA price might reach the $10 mark in 2032 if buying demand surges and ENA attracts altcoin investors.
The $100 mark is a distant dream for ENA. This price level is achievable in the long run if ENA continues to expand its offerings and attract buying demand.
ENA has gained popularity due to strong community support. However, conducting thorough research into their long-term potential is crucial to determine if they represent a viable long-term investment.
Terminal Finance, a decentralized exchange (DEX) incubated by Ethena Labs, has attracted more than $262 million in total value locked (TVL) ahead of its upcoming launch.
Over the last few days, ENA prices have aimed to surge above crucial Fib levels. If the BTC price aims for a hold above $120K in November, we might see a solid surge in the ENA price.
According to technical analysis, the ENA price might record a maximum level of $0.44 and a minimum of $0.25, with an average value of $0.35 throughout November.
| ENA price prediction | Potential low | Potential average | Potential high |
| ENA Price Prediction November 2025 | $0.25 | $0.35 | $0.44 |
By the end of 2025, ENA price is expected to attain an average level of $0.64. The Ethena price prediction 2025 expects a minimum price of $0.2 and a maximum price of $0.82.
| ENA price prediction | Potential low | Potential average | Potential high |
| ENA Price Prediction 2025 | 0.2 | 0.64 | 0.82 |
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2026 | 0.9001 | 0.9258 | 1.1 |
| 2027 | 1.3 | 1.35 | 1.55 |
| 2028 | 1.98 | 2.03 | 2.31 |
| 2029 | 2.85 | 2.95 | 3.46 |
| 2030 | 4.26 | 4.37 | 5 |
| 2031 | 6.24 | 6.42 | 7.38 |
Ethena’s price forecast expects a minimum value of $0.9001 in 2026. The maximum value could be around $1.10, with an average trading price of approximately $0.9258.
Ethena’s price in 2027 is expected to reach a minimum level of $1.30 and a maximum level of $1.55, with an average forecast price of about $1.35.
The price of Ethena in 2028 is predicted to reach a minimum value of $1.98. It could rise to a maximum of $2.31, with the average trading price estimated at $2.03.
According to forecasts and technical analysis, Ethena is expected to reach a minimum price of $2.85 in 2029. The token could achieve a maximum level of $3.46, while the average trading price is projected to be around $2.95.
Based on in-depth technical analysis of past data, the price of Ethena in 2030 is expected to reach a minimum of $4.26. The maximum price could be $5.00, with an average value of about $4.37.
In 2031, Ethena’s price is forecasted to reach a minimum level of $6.24, a maximum level of $7.38, and an average trading price of approximately $6.42.
Ethena Price Prediction 2025-2031
| Firm Name | 2025 | 2026 |
| Coincodex | $0.51 | $1.43 |
| CoinDCX | $1.15 | $1.90 |
At Cryptopolitan, we are bullish on the ENA price movements as the coin is expected to surge to new highs by the end of this year. By the end of 2025, ENA price is expected to attain an average level of $0.64. The Ethena price prediction 2025 expects a minimum price of $0.3 and a maximum price of $0.82.
ENA Price History: Coinmarketcap

