Ethena Price Prediction: ENA Predicted to Rise Sharply in Early August 2025 with Volume of $1.4 Billion!

Jakarta, Pintu News – In July, Ethena’s native token, ENA, recorded significant gains with over 155% growth throughout the month. Now, in early August, ENA continues its positive trend with a 14% increase in the last 24 hours, trading at $0.670.

Strengthening Market Confidence in ENA

On-chain data shows that ENA’s price surge was driven by authentic demand, not just short-term speculation. ENA’s weekly trading volume jumped more than 700%, reaching $1.41 billion-the highest value in more than a year.

The sharp rise in price and trading volume signals the market’s strong belief in this rally. High trading volume indicates more participants are buying and selling, which lends credibility to the price movement.

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Investor Optimism Increases

Futures market data shows an increase in investor confidence. Open interest on ENA has increased by more than 30% in the past 24 hours, reaching $1.15 billion. Open interest refers to the total number of derivative contracts, such as futures or options, that have not yet been settled.

When futures open interest increases alongside the asset’s price, it indicates new money flowing into the market, signaling a growing bullish sentiment. The 30% jump in open interest shows that traders are getting ready for further upside potential.

Technical Indicators Show Positive Momentum

Technical indicators also support further upside potential. ENA’s Moving Average Convergence Divergence (MACD) remains in a bullish crossover pattern on the daily chart. This occurs when the MACD line (blue) is above its signal line (orange), a signal often associated with sustained upward momentum.

If the current trend continues, ENA could extend its gains and rise to $0.77 in the coming weeks. However, if demand decreases and bear dominance returns, this could trigger a price drop below $0.64 and down towards $0.48.

Conclusion

With the combination of high trading volumes, increased open interest, and favorable technical indicators, ENA shows potential to continue its bullish trend. Investors and traders in the crypto market should take note of these dynamics as we enter a new trading month.

Also Read: 7 Facts How Ethereum Changed the World of Crypto & Cryptocurrency Over 10 Years!

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. ENA Price and Volume Soars. Accessed on August 1, 2025