Ethena Price Prints Buy Signal, Could Rally to $0.63

TLDR:

• TD Sequential “9” buy signal hints at a potential bullish reversal for the Ethena price.
• $0.578 is the key breakout level that could open a path to $0.63 and higher.
• Fibonacci support at $0.5457 continues to hold, keeping downside limited for now.
• ENA is down 7.34% daily but still up 20.81% in the past week, showing strong volatility.

Ethena might be lining up for a big move. The token just triggered a TD Sequential buy signal at a major support level. Traders now have their eyes locked on one price: $0.578. 

A push above it could open the door to $0.63. This setup has investors watching closely as momentum shifts in real time.

TD Sequential Points to Ethena Price Reversal

Crypto analyst Ali shared that Ethena’s 4-hour chart has printed a fresh TD Sequential “9” buy signal. This often signals a cooling down of a recent downtrend and hints at a possible bounce. 

ENA is currently trading near $0.579, holding its ground after a sharp pullback from $0.70.

Ethena $ENA is flashing a buy signal from the TD Sequential at a key support level. A 4-hour close above $0.578 could fuel a move to $0.63! pic.twitter.com/CPZ2pIxalV

— Ali (@ali_charts) July 30, 2025

The 0.5 Fibonacci level at $0.5457 is acting like a safety net. Price wicks below this zone have failed to hold, which suggests buyers are stepping in. If $0.578 clears on a strong 4-hour close, Ali noted, it could break the current pattern of lower highs.

The $0.578 zone is now the line in the sand. Reclaiming it could trigger a move toward $0.63, which aligns with the 0.786 Fibonacci retracement. A push through that resistance may even open the door to $0.70 in the longer term.

If support at $0.5457 gives way, however, downside levels appear at $0.514 and $0.478. These areas may offer the next potential landing spots if sellers take control. Traders are balancing these two scenarios as ENA consolidates near its breakout point.

Market Context and Short-Term ENA Price Outlook

Data from CoinGecko shows ENA down 7.34% in 24 hours but still up 20.81% in the past week. This kind of volatility has become familiar for the token, but the technical signals are pulling more attention this time.

Crypto trader Batman also noted similarities to ENA’s late 2024 price action. He pointed out that if the price dips toward lower support, it might present another key buying zone.

$ENA is moving a lot like it did in late 2024.

It looks like we're in the correction phase before the final leg up.

If price dips toward the lower blue line, that zone could be a solid buy. Watching it closely. pic.twitter.com/J5ouMl7A4O

— BATMAN ⚡ (@CryptosBatman) July 29, 2025

For now, all eyes remain on $0.578. A close above it could validate the buy signal and fuel a run toward $0.63. Until then, traders are bracing for a decisive move that could set the tone for ENA’s next phase