Ethena Price Breakout: Analyst Predicts $1 Target as Recovery Gains Momentum

Ethena (ENA) is making a comeback after its previous lows. The token's recovery has caught the attention of crypto analysts, who are now predicting that ENA could reach $1 by the end of the year.

GorkemCrypto highlighted the strength of the recovery and reported a 120% net profit on the position. The analyst believes that ENA has reached a bottom area and is expecting it to potentially reach $1 by year-end, although this remains an analyst projection rather than a guaranteed target.

The recent move has brought renewed attention to ENA's price structure as traders assess whether buying pressure can continue and push the token toward higher resistance levels. Traders will likely monitor price reaction around each resistance area rather than assuming a direct move toward the target.