Ethena token ENA eyes $0.135 as price rallies on Base network growth

The Ethena (ENA) token is trading around $0.08520 with a 24‑hour volume of $68.37 million and a market capitalization near $814.75 million. Technical analysis cites a recent breakout above a key resistance level followed by a retest, suggesting a potential bullish continuation toward a $0.135 target if buyers hold the breakout zone.

Data from the Ethena ecosystem shows ENA holdings on Base—a Coinbase‑developed Ethereum layer‑2 scaling solution—have risen above $250 million in the past month, indicating growing interest in the project’s synthetic‑dollar DeFi products. Market sentiment for ENA is also tied to the broader performance of Bitcoin and Ethereum, which could either support or limit the token’s upward move.