Ethena (ENA) price target of $1 according to analyst

The price of Ethena (ENA) is currently at $0.717, with a 24-hour trading volume of over $833 million. ENA is down slightly by 1.08%, but the broader trend still shows a significant increase. Since the end of June, the token has surged by no less than 286%, despite several interim dips of around 20%.

According to crypto analyst Daan Crypto Trades, the pattern in ENA remains consistent: a sharp rise followed by a steep correction, then a quick recovery to new highs. These up and down movements appear almost rhythmic and indicate strong momentum that, according to him, is far from over.

20% corrections appear normal

When you look at the chart, you can clearly see how often the price pulls back. Several times the price drops by about 20 to 25%, only to rebound strongly to new highs. The most recent correction was 21%, but that too seems to have been absorbed well.

Daan states that he is holding on to ENA and is aiming for a price above $1. His view is that such trends rarely end without at least one more exaggerated breakout or “dumb squeeze.” He believes that as long as major coins like Bitcoin and Ethereum remain strong, ENA still has room to grow.

$ENA It's a bumpy ride but the trend is still going strong.

I remain to be a holder of ENA and am looking to take profit at higher prices. I think $1+ as a minimum should be pretty reasonable as long as $BTC & $ETH hold up decently.

~20% corrections seem to be about the average… https://t.co/YKY8znbyOp pic.twitter.com/3NBwEnam9J

— Daan Crypto Trades (@DaanCrypto) August 16, 2025

Prepare for fast movements

Anyone following or holding ENA should be ready for strong volatility. The price often moves up or down by dozens of percentage points in a short time, which brings both opportunities and risks. So far the trend remains clearly positive, but as always in crypto, caution is advised.