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The Ethena price surged 13% in the last 24 hours to trade at $0.6124 as of 12:37 a.m. EST on trading volume that rose 19% to $1.1 billion.
The surge in the ENA price has pushed the crypto to the top of the gainers list on CoinMarketCap.
The price of Ethena is up 139% in the last month as well. Can the current uptrend continue?
Ethena Price Gears Up For Wave 5 As Bullish Momentum Builds
The ENA price on the 4-hour chart reveals a clearly bullish trajectory marked by a rising channel pattern that has guided the asset since early July.
Within the rising channel, the Ethena price has been forming an Elliot wave pattern, with waves (1) through (4) already completed and wave (5) potentially in progress, as GeckoTerminal data shows. The most recent Ethena price action shows a strong bounce off the lower boundary of the channel near wave (4), suggesting the start of a possible rally.
The price of ENA recently reclaimed the 50 Simple Moving Average (SMA) on the 4-hour chart after dipping below it briefly, further supporting the continuation of the uptrend. Ethena’s price is currently trading above both the 50 SMA ($0.6005) and the 200 SMA ($0.4269), indicating a solid bullish structure.
Meanwhile, the Relative Strength Index (RSI) sits at 59.06, pointing to neutral-to-bullish momentum. While not in overbought territory, the RSI is trending upward, suggesting increasing buying pressure as momentum builds to the upside.
The Moving Average Convergence Divergence (MACD) shows a recent bullish crossover, with the MACD line (blue) crossing above the signal line (orange) and moving further into positive territory.
ENA Price Prediction
Both the RSI and MACD align with the price structure, confirming the renewed bullish momentum as wave (4) likely completes and transitions into wave (5). Given this arrangement, the ENA price could climb to the next resistance area around the $0.7698 zone on the upper boundary of the rising channel.
However, a break below the 50 SMA or the lower channel boundary would invalidate this bullish trend. In this scenario, the $0.5235 level acts as a strong support area for the Ethena price.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 10X after launch.
Best Wallet Presale Heads For $15 Million — Next 10X Crypto?
Best Wallet supports over 60 blockchains, enabling users to manage thousands of cryptocurrencies, including heavyweights like Bitcoin (BTC) and Ethereum (ETH), within a single app.
Its built-in decentralized exchange (DEX), presale aggregator, and upcoming crypto debit card set it apart in a crowded field. However, what’s really turning heads is its “Upcoming Tokens” feature, a launchpad that’s already proven its knack for spotting winners.
Projects like Pepe Unchained (PEPU) and Catslap (SLAP), flagged early by Best Wallet, delivered jaw-dropping gains of 500% and 7,000%, respectively, for early adopters.
Best Wallet’s growth metrics are equally striking. Since its November 2024 debut, the app has amassed over 500,000 users, with monthly active users exceeding 250,000 and installations soaring 96% month-over-month.
Security remains a cornerstone, with biometric authentication and decentralized recovery options ensuring users retain full control of their funds.
Investors have already injected over $14.4 million into the project, as the presale closes in on the $15 million mark.
🔥 Over $14M Raised & Climbing! 🔥
Built for traders who want speed and early access.
✅ Buy early-stage tokens straight from the app
✅ Swap and bridge across chains with ease
✅ Clean interface, full control of your assetsDownload Best Wallet 📲 https://t.co/YZVS4oxbqw pic.twitter.com/he2vFsrNK9
— Best Wallet (@BestWalletHQ) July 21, 2025
The native token, BEST, is the engine behind this ecosystem. Holding the token unlocks perks like reduced trading fees, access to exclusive presales, and staking rewards boasting an impressive 93% annual return.
The BEST token is currently priced at $0.025435. With the next price hike looming in under 35 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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Best Wallet - Diversify Your Crypto Portfolio
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