Altcoin season might just be heating up — and Ethena (ENA) is stepping into the spotlight. After weeks of low-key price action, ENA has come alive with a sharp 6.6% surge in 24 hours, triggering buzz across the crypto space. At Wallstreet Queen Official, we know a breakout when we see one — and this one’s flashing all the right signals.
Currently trading near $0.3342, ENA has climbed from a recent low of $0.25 and logged a solid 8% weekly gain. While the monthly chart still shows a modest dip, the tides are clearly turning — and the next leg up could take this altcoin to $0.39, or beyond.
So, what’s fueling the hype? Let’s break it down.
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A Textbook Pattern with Explosive Potential
One thing seasoned traders know: chart patterns are powerful — especially when they repeat history. And ENA is currently forming one of the most bullish patterns in the book: the inverse head and shoulders.
According to respected crypto analyst Ali Martinez, this setup could be the launchpad for a bullish breakout. If the pattern confirms, we’re looking at a potential price target of $0.39 — a level that could spark even more buying interest.
This isn’t wishful thinking. Back in December 2024, Ethena formed a similar pattern and rocketed from $0.90 to $1.32 in just weeks. The market loves to rhyme, and this pattern may be the echo traders have been waiting for.
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The Fundamentals Are Lining Up
At Wallstreet Queen Official, we look beyond charts — because real moves are backed by data. And right now, on-chain and trading signals are telling a bullish story.
1. Spot Netflow Goes Negative
One of the strongest bullish indicators is negative netflow. With -693.2k ENA flowing out of exchanges, investors are clearly moving tokens to wallets — not preparing to dump. This often signals accumulation and long-term confidence.
2. Futures Volume Spikes
In the past 24 hours, 173.7 million ENA changed hands in futures markets. That’s not retail traders — that’s whales and serious players placing bets. Combine that with rising open interest, up from $262M to $278.2M, and you’ve got clear signs that the market is positioning for a bigger move.
3. Positive Funding Rates Across the Board
Funding rates are in the green — meaning traders are paying to keep long positions open. When longs dominate like this, it’s because most traders believe prices are heading up, not down.
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What Comes Next? All Eyes on $0.37 – $0.39
With multiple signals aligning, the stage is set for a potential breakout. The key resistance zone to watch is between $0.37 and $0.39. A strong breakout here could open the gates for a wider rally — especially if market sentiment continues improving across the board.
But let’s not ignore reality. Crypto is still volatile. A shift in macro news or market sentiment could slow things down. If momentum fades, $0.30 is a solid support zone — and a possible re-entry point for those looking to ride the next wave.
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Wallstreet Queen’s Verdict: Opportunity is Knocking
Ethena is more than just another altcoin — it’s showing strength, structure, and serious attention from big players. At Wallstreet Queen Official, we believe in data-backed decisions — and this setup is one to watch closely.
If you’re looking to spot breakouts before the crowd, stay plugged into Wallstreet Queen Official. We break the noise, spotlight the signals, and empower you with market-ready insights every day.
ENA is on the move. Will you ride the wave — or watch it pass?
Follow Wallstreet Queen Official for fearless crypto analysis, breakout alerts, and next-level strategies that keep you ahead of the market.
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