Ethena (ENA) Dex-Trade Listing Sparks Momentum With $0.505 in Sight

Ethena (ENA), a next-generation DeFi protocol, is officially listed on Dex-Trade, expanding access to its innovative financial ecosystem. Focused on scalable, crypto-native infrastructure and advanced stable asset mechanics, ENA aims to redefine decentralized finance. Traders can now engage directly with the protocol, exploring new opportunities for liquidity, efficiency, and transparent on-chain financial solutions.

The Dex-Trade listing marks a major milestone for Ethena’s adoption. By integrating ENA into a leading exchange, the project strengthens its presence in the rapidly growing DeFi space. With a focus on strong, user-driven finance, Ethena offers both retail and institutional participants a seamless way to interact with its platform, driving innovation and mainstream awareness of next-level decentralized finance.

Also Read: Can Ethena (ENA) Hold $0.207 Support? Analysts Eye 5-7% Crash Ahead

Ethena (ENA) Eyes $0.505 Rebound After Holding Support

However, the crypto analyst, Ali, pointed out that the important support region established by Ethena (ENA) is at $0.212. A hold at this level could be the beginning of a positive turnaround as ENA may regain its strength. A hold at this level could cause investors to regain interest in the market, anticipating a possible turnaround in the market sentiment.

Source: X

If support is maintained, the price of ENA may move towards the target of $0.505. This definitely constitutes strong bullish momentum because the initial phase of the entire bullish process appears to have kicked off. Traders and investors are waiting to see the volumes and price movements to ascertain whether the momentum to move to higher levels is sustained.

ENA Technical Outlook Suggests Ongoing Momentum

Technically, the price has recently shown strong movement back from the lower Bollinger Band at approximately $0.19 and has moved above the middle Bollinger Band (20-day SMA). Breaking above the middle Bollinger Band is a good indication of bullish strength. At the moment, the upper Bollinger Band is approximately $0.232, and the price is slightly above.

Source: TradingView

From the indicators’ standpoint, the RSI is at 54.86, crossing into the neutral-to-bullish zone, indicating that this asset has upside potential before it hits overbought levels. The MACD line has crossed above the signal line, exhibiting positive histogram bars. This is generally indicative of a strong position of recovery with upward momentum.

Also Read: Ethena (ENA) Price Targets $0.30 as Hayes Investment Sparks Optimism