Ethena Token (ENA) Shows Recovery, Read Analysis from Ali Charts!

Jakarta, Pintu News – After experiencing a sharp decline in November, Ethena’s ENA token is now starting to show signs of recovery. On Monday, the token’s price again approached the $0.247 zone, driven by a series of ecosystem announcements and rare technical signals, which brought back optimism in the market.

ENA Ecosystem Catalyst

The uptick in sentiment comes after Ethena Labs announced a new strategy to further delve into the Hyperliquid ecosystem. The partnership with Nunchi, which builds perpetuals tied to yield markets through HIP-3, provides a much-needed new narrative for ENA. The Nunchi marketplace will launch with USDe as the quote asset, directly increasing demand for Ethena’s synthetic dollars.

A portion of Nunchi’s revenue will also flow back into the Ethena ecosystem, with the possibility of future Nunchi airdrops for ENA backers. Meanwhile, Anchorage Digital reaffirmed its partnership with Ethena Labs on USDTb, the first federally regulated stablecoin in the US.

This gives it regulatory credibility that most other stablecoin issuers lack. The broader revenue picture is also eye-catching. Data from Token Terminal shows that Ethena ranks third among stablecoin issuers, with all-time revenue of $599.3 million, trailing only Tether and Circle.

Read also: Global Stablecoin Market Reaches $280 Billion, Regulators Issue Warning?

ENA Price Recovery Efforts

ENA saw a gain of around 4% in 24 hours, recovering from a price drop below $0.24 last week. Data from CoinMarketCap shows that Ethena’s crypto market capitalization stands at around $1.83 billion, with a staggering 24-hour volume spike of 24%.

This spike is notable as ENA trading activity has been declining all month, down over 48% over 30 days and almost 73% since the start of the year. TradingView gives a mixed picture.

The daily technicals still show a “Sell” rating, with 13 MA sell signals compared to only one buy signal. However, momentum is starting to shift. The RSI is at 32, close to oversold territory, and the MACD fast line has just switched to a small buy signal. This is a weak movement, but a movement nonetheless.

Also read: Funding Explodes, Strategy Raises $21 Billion Through 2025!

ENA’s Short-term Outlook

Furthermore, analyst Ali flagged a TD Sequential buy signal, one of the first positive indications in recent weeks for ENA prices. Data also showed a sudden surge in ENA transfers, with Glassnode reporting a record 73,274 daily transfers. This suggests that the token is quietly heating up.

While there is no confirmation of a clear trend reversal yet, several factors favor a potential short-term bounce. Oversold oscillators, record on-chain activity, new ecosystem integrations, and deep liquidity via Hyperliquid, all give room for ENA to attempt a recovery towards $0.27-$0.29. However, a drop below $0.236 would quickly derail this setup.

Conclusion

With various new developments and favorable technical signals, ENA is showing potential for recovery. Although the market still has to show more evidence of strength, the steps taken by Ethena Labs may be enough to start a positive trend for this token.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Bankless Times. Ethena Price Rebounds as Analysts Spot Buy Signal. Accessed on November 26, 2025
• Featured Image: Coinmarketcap