Ethena Price Prediction: People Will Regret Doubting ENA Below $0.09, Analyst Warns

Ethena has been one of the most hated tokens in crypto over the past year. People called it a stablecoin gimmick. They said the yield was too good to be true. And when the ENA price dropped below $0.09, the doubters came out in full force. 

But prominent analyst Crypto Patel sees it differently. He says those same people will regret it at $1 and cry above $3. That is a bold call. The accumulation zone he marks is $0.07 to $0.13. 

The ENA price is right in the middle of that range right now. The first target is $0.50, a 5x from the bottom of the zone. The second target is $1.26, a 13x. And the bonus target is $3 or higher, which would be a 38x move. The chart and the fundamentals both have something to say about whether that is possible.

People Doubted $ENA Below $0.09, They Will Regret it at $1 and Cry Above $3 🚀

Accumulation Zone: $0.07 – $0.13 (Current)
TP 1: $0.5 (+5x)
TP 2: $1.26 (+13x)
Bonus Target: $3+ (+38x) pic.twitter.com/9GnyOYpsPG

— Crypto Patel (@CryptoPatel) April 13, 2026

Where the ENA price stands on the daily and 4-hour charts

We had a look at the ENA daily chart, and the structure is turning. The ENA price closed the latest day at $0.0939, up 2.96% on volume of 28.81 million. The 100-day SMA sits way up at $0.1330, which means the ENA price is still well below its longer-term average. 

That is a bearish signal on its own, but the daily chart also shows a break of structure to the upside. Price has been making higher lows since the $0.07 zone held. The Fibonacci levels on the daily chart show resistance at $0.4911, then $0.8191, then $1.0107. 

Daily ENA price chart analysis.

Patel’s $0.50 target lines up almost exactly with the 1.272 Fibonacci extension. His $1.26 target sits above the 1.618 level. The daily RSI is at 50.41, perfectly neutral, which means the ENA price has room to run in either direction without being overbought or oversold.

From the 4-hour chart, we get an overview of what is happening in the shorter term. The price of ENA is trading at $0.0935, with an increase of 0.21% so far today. The highest price was $0.0948, while the lowest price was $0.0925. ENA is staying above the SMA of the 100 periods on the 4-hour chart, which stands at $0.0879.

4-hour ENA price chart analysis.

This is a small yet significant move. The resistance levels on the 4-hour chart are arranged in a higher price level from $0.1000 to $0.1100, $0.1200, $0.1300, and $0.14. Support sits at $0.0800, then $0.0700. The 4-hour RSI is at 54.81, slightly bullish but not extended. The ENA price is coiled between support and resistance, and volume is light at 13.74 million. That is consolidation before a move.

What the on-chain data reveals

The Glassnode charts add another layer to the story. The ENA market cap chart shows a steady climb from $700 million to over $1 billion in recent months. The ENA price has been moving up alongside that market cap growth, which is a healthy sign. 

The number of active addresses chart is even more interesting. Active addresses jumped from around 5,600 to nearly 8,000 during the last leg up, then cooled off. But they have not collapsed. They are holding near 5,500 to 6,000 even as the ENA price consolidated. That indicates network usage is not falling off a cliff. People are still transacting. 

The number of transfers chart tells a similar story. Transfer counts have been climbing steadily, from around 1,000 per day to over 2,000. That is a 100% increase in network activity while the ENA price was building its base. That is the kind of divergence that often precedes a bigger move.

Three forces shaping Ethena

The biggest catalyst is the pending fee switch. If activated, a portion of the protocol’s revenue from over $13 billion in USDe would go to stakers. Historical monthly fees have hit $61 million. That would turn the ENA price into a yield-bearing asset, not just a governance token.

The ENA price is also tied to USDe, the third-largest stablecoin. USDe offers 3.5% to 4% yield and recently landed on Binance and Upbit. Grayscale even added ENA to its candidate list. But competition like Hyperliquid’s USDH is growing, and if USDe’s yield compresses, the ENA price could suffer.

Not everything is bullish. The ENA price still trades below the 200-day moving average at $0.242. Token unlocks are also a risk. 41% of the total supply was already unlocked by August 2025. Every rally could be met with selling from early investors. And if Bitcoin rolls over, the ENA price will likely follow.

Where the ENA price goes from here

The accumulation zone is $0.07 to $0.13. The ENA price is right there. Patel’s targets are $0.50, $1.26, and $3 or higher. The daily chart shows Fibonacci resistance at $0.49 and $0.81. The 4-hour chart shows immediate resistance at $0.10. The fee switch could be the spark that changes the entire narrative. 

CoinCodex’s 1-month ENA price prediction places the token at $0.06937, which sits below the current price near $0.093. That short-term forecast expects a drop back toward the lower end of Patel’s accumulation zone. 

He sees it differently. The people who doubted ENA below $0.09, he says, will regret it at $1 and cry above $3. One prediction looks down. The other looks way up. Ethena is the only thing left to decide.

Source:: Ethena Price Prediction: People Will Regret Doubting ENA Below $0.09, Analyst Warns