The ENA price is suddenly giving traders something to watch, with the token rising 10% intraday as Ethena’s network activity and whale transactions point to stronger participation. The timing is interesting: a golden cross has also formed on the daily chart between the 50-day and 200-day EMA bands.
Ethena Network Activity Starts Looking Stronger
The network’s active-address metrics are climbing across the 24-hour, seven-day and 30-day periods, showing broader activity rather than a single short-lived spike.
At the same time, whale transaction counts above $100,000 and $1 million have also increased, suggesting larger transactions are becoming more frequent.
That doesn’t automatically mean whales are accumulating. Still, combined with rising network activity, the data gives the ENA price a stronger fundamental backdrop than it had previously.
Ethena Pay Brings A Bigger Product Push
Ethena is also expanding beyond its existing ecosystem with the launch of Ethena Pay, described as an internet money neobank. The product offers 5% card-spend cashback, a 6% dollar savings rate, free global money transfers and free onramps in USD, GBP, EUR and local currencies.
It also includes multi-currency savings accounts, IBAN integration with self-custodial stablecoin accounts and a “Buy Now Pay Never” feature where savings rewards can cover daily expenses. The service is live for iOS users.
ENA Price Faces A Critical Technical Test
Technically, the ENA price now sits at a key decision zone between $0.13 and $0.19. If bullish demand pushes the token above this range, the next potential levels are $0.25 and $0.40.
But there’s plenty of room for disappointment. A failure below $0.13 could expose $0.10 and potentially $0.07.
For now, the golden cross and rising activity make the ENA price setup increasingly interesting, but the $0.13-$0.19 range still needs to resolve before the next major move becomes clearer.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
