Ethena Price Prediction: ENA Eyes $0.23 as USDe Heads to OKX Wallet and Aave

• Ethena price prediction stays bullish above $0.2059, with $0.23 the first target
• That Martini Guy says USDe is expanding to OKX’s X Layer through Aave V3
• Arthur Hayes says he took profits on ENA, ETH and UNI, citing macro and geopolitical risk

Ethena price prediction for this week stays bullish above $0.2059, the 20-day average ENA needs to hold after pushing above its triangle.

Ethena Price Analysis: Can ENA Hold Above Its Triangle Line?

ENA is holding above the falling line of its triangle for now, trading at $0.2084 and up 0.79% today, just over the 20-day EMA at $0.2059. The line runs near $0.20 and connects the late-September high with the lower highs since, so price needs to stay above it and the 20-day EMA for the push to count as a breakout.

The 50, 100 and 200-day EMAs at $0.1969, $0.1720 and $0.1609 sit in order beneath price, which keeps the broader trend positive. RSI at 50.95 has climbed back above the neutral 50 mark and its average of 46.29, so momentum is turning up. The triangle’s two lines meet near the end of October, so a decisive move is close.

Related: Meme Coins Price Prediction: Dogecoin (DOGE), MemeCore (M), and Shiba Inu (SHIB)

ENA looks more likely to hold $0.2059 than lose it this week, and a daily close below $0.1969 would put the rising triangle line near $0.19 in play.

ENA Support and Resistance Levels, October 26 to November 1, 2026

USDe Expands to OKX Wallet and X Layer, Says That Martini Guy

Trader That Martini Guy (@MartiniGuyYT) said Ethena’s USDe is expanding to OKX Wallet and X Layer. On X Layer, users can use USDe through Aave V3, and OKX Wallet is planned to get a looping feature later, which lets users repeat borrow-and-redeposit cycles to build a larger position. He called it another route into DeFi lending and borrowing with a synthetic dollar.

He also flagged the risk side. USDe is not a traditional cash-backed stablecoin, since it relies on a different set of mechanisms and hedging arrangements, and each new integration can increase the amount of capital exposed to the protocol.

Arthur Hayes Takes Profits on ENA and Steps Aside, Citing Macro Risk

Arthur Hayes (@CryptoHayes) said he closed the Maelstrom directional book and took profits on ETH, ENA, UNI and other smaller tokens. He wrote that “we gotta go down to go up,” pointing to a risky macro and geopolitical backdrop, and said he will wait on the sidelines for an all-clear signal.

CoinGecko (@coingecko) put his ENA sale at about 14 million tokens, worth around $2.7 million, and said ENA rebounded 8.8% afterward.

Lana Valentis Sees a Bullish Flag Retest, With Targets From $0.23 to $0.55

Analyst Lana Valentis said ENA is holding the retest of the upper border of a bullish flag on the daily chart. She pointed to USDe’s launch on OKX’s X Layer with Aave v3 as a catalyst that opens Ethena’s products to millions of OKX Wallet users, and said moves tend to be significant when the chart lines up with real adoption. Her chart also marks a support band near $0.19.

Ethena Price Prediction: Bullish and Bearish Scenarios for This Week

Bullish Case, Target: $0.23

ENA holds above the 20-day EMA at $0.2059 and closes above today’s high at $0.2110. That would open $0.23, the first level Lana Valentis flags, with $0.29 near the late-September high beyond it. RSI holding above 50 would fit this path.

Bearish Case, Risk Level: $0.1969 (50-Day EMA)

ENA closes below the 20-day EMA at $0.2059 and the triangle’s falling line, then slides toward the 50-day EMA at $0.1969. A close below that level would put the rising triangle line near $0.19 in play, with the 100-day EMA at $0.1720 beneath it. Weakness in broader markets, which Hayes warns about, would fit this path.

FAQs