Ethena Price Prediction: Can It Break $0.50 After Holding $0.212 Support?

Key Insights:

• A recent Ethena price prediction pointed out the potential for a breakout rally to $0.50.
• The analyst suggested that the cryptocurrency was now absorbing selling pressure at a crucial support level around $0.2120.
• Ethena’s Total Value Locked (TVL) has been declining since the October 10 crash, primarily due to heavy withdrawals and redemptions, particularly of the USDe stablecoin.

A recent post by a top analyst weighed the possibility of an ENA breakout to $0.5050 in an Ethena price prediction. The analyst suggested that the cryptocurrency was now holding support at a crucial level which has absorbed selling pressure in the past.

Read on to discover the direction of the cryptocurrency’s price action as its parent ecosystem attempts to recover the 50%+ TVL it lost due to the October crash.

Ethena Price Prediction: ENA Price Holds Key Support at $0.212, Bounce Could Target $0.505 – Expert

According to digital assets analyst Ali_charts, Ethena’s weekly chart retreated to the $0.212 area, a level that has repeatedly acted as a floor over the past year. This zone has withstood selling pressure before, and buyers are starting to show interest again, potentially setting the stage for $0.505 to become a reality in the latest Ethena price prediction.

For now, $0.212 is the critical level. As long as Ethena stays above $0.212 on a weekly close, the market structure remains intact. The token has taken a hit, but it is far from broken.

If this support holds, the path higher looks clear.

The $0.3280 zone is the first crucial target for the rally, a point at which Ethena’s price has struggled to absorb sellers in the past. Above this level, buyers will now focus on pushing the price towards $0.5050, a previously strong support that currently acts as the resistance. It won’t be surprising if the price is strong enough to sustain an uptrend that can flip the level into support once again.

That said, caution is warranted. The broader trend remains choppy, and rallies have faded quickly in recent months with the October crash wiping more than $7 billion in Ethena’s TVL. Buyers will need confirmation through higher weekly closes before confidence fully returns.

On the downside, the risk is equally defined. A decisive close below $0.212 would weaken the bullish case and open the door to deeper losses. Until then, this level serves as the market’s line in the sand.

Ethena is at a pivotal point. Hold support, and a rebound toward $0.505 is possible. Break it, and the chart demands a reassessment.

Ethena Ecosystem Yet to Recover TVL Drop from $14B to $6B

Ethena’s Total Value Locked (TVL) has been falling since the October 10 crash. Heavy withdrawals and redemptions, particularly of the USDe stablecoin, have driven much of the decline.

Data from DeFiLlama shows Ethena’s TVL has fallen to $6.49 billion, down from $14.818 billion just weeks ago. Continued withdrawals could tighten liquidity and reduce fees, putting pressure on ENA and making a rebound more difficult.

On the daily chart, ENA has completed a full market cycle. The token moved from accumulation to expansion before entering distribution and decline.  Ethena (ENA)  climbed sharply toward $0.80 at the start of 2025, thanks to an increase in buyer momentum. As the year progressed, buyers lost momentum, and the rally began to wane. Take-profit traders caused the breakdown with increased distribution near the highs.

As such, the cryptocurrency’s price action has been slowly drifting since the October crash to form a series of lower highs and lower lows.

There is a majority of times when Ethena has attempted to rally but has barely broken past the major resistance with most of the rallies being short-lived.

In his Ethena price prediction, analyst Ali Charts said that holding above $0.212 could allow the market to form a base for accumulation.