Key Takeaways:
Ethena’s ENA token climbed more than 15% to approximately $0.11 on April 17, 2026, as bullish momentum builds toward a potential breakout above the $0.12 resistance level.
The move extends a seven-day gain of over 20%, with price action firmly holding above key technical indicators, according to CoinGecko data.
ENA is now trading above its 20-day moving average of $0.0909 and its 50-day moving average of $0.0992. Holding above both levels is often interpreted by traders as a sign that short and medium-term momentum has turned positive.
A decisive break above the $0.12 level could signal a continuation of the uptrend, potentially attracting further speculative interest and capital rotation from other DeFi assets. Failure to breach this resistance may lead to profit-taking.
The recent strength in ENA comes as the broader DeFi space shows signs of stabilization. While Bitcoin dominance remains a key factor, select altcoins like Ethena are showing independent strength. The token's performance in the coming days will be closely watched as a test of whether the current rally has enough conviction to establish a new support level above $0.12 or if it will retrace back toward its moving averages.
This article is for informational purposes only and does not constitute investment advice.
