Ethena Crypto Climbs 20% in Week: Will iUSDe Boost ENA Price?

Ethena crypto has surged +20% over the past week as investors hype up iUSDe, but what does the ENA price analysis reveal this week?

ENA Price Volume in 24h Price 7d emerged as one of the strongest-performing cryptocurrencies of 2024. ENA price has been a point of market focus for months as the decentralized stablecoin issuer continues to make strides in ecosystem development, including efforts to bolster stablecoin adoption by TradFi institutions and a strategic partnership with Telegram (which has become a key nexus for retail traders over the past year).

With a reputation being established for the industry-respected high-yield stablecoin USDe, Ethena is currently fuelling ENA price gains with plans to launch iUSDe, a version of USDe specifically designed for TradFi entities such as pension funds to participate more on-chain.

$ENA buy a little higher than $1 imo. still a great coin/project pic.twitter.com/2zCdVrH1jf

— Altcoin Sherpa (@AltcoinSherpa) January 7, 2025

Crypto markets are supporting the move with a bullish open to 2025, which, despite a localized ENA price correction, has holders on Crypto X (Formerly Twitter) discussing as a strong buy point above a well-established accumulation zone.

ENA Price Analysis: How is Ethena Crypto Shaping Up For The Week Ahead?

With trading volume pushing up to $444M over the past-24 hours, Ethena Crypto is currently trading at a market price of $1.13 (representing a daily change of -2.3%).

This comes amid localized retracement after another successful push off the now high-time frame support from the ascendant 20DMA average.

(ENAUSDT)

Moving average support was formed following a bullish ‘golden cross’ pattern that emerged on November 18. Despite a major re-test of this support level over Christmas, the 20DMA remains incredibly well-defended, suggesting the upside will likely continue soon.

In another positive sign, a cooling RSI indicator backs this view, with a drop-down to 56, opening the door to another upside move throughout this week’s trading.

Prominent traders on crypto X are targeting a major move to the upside, intent on reclaiming $1.19 (a +4% move) this week. So watch out for bullish price moves in the days ahead.

But while Ethena crypto holders brace for a small upside gain, a storm is emerging in a new meme coin presale – which is firing up to be the biggest raise of Q1 2025.

Wolf of Wall Street Revolution Rocks Frog Coin Market

In a stunning new presale raise, a viral frog coin – Wall Street Pepe ($WEPE) – has surged to amass a jaw-dropping $43.25M with just 2-hours left to invest early at current price levels.

This skyrocketing performance comes as retail investors flock to back the $WEPE Army – a grass-roots effort to fight back against insider groups and whale market manipulation.

In the words of the beloved Simpson’s character Martin Prince – alone, you are just a weak twig, but all together, you form a mighty faggot! – and this is exactly the ethos behind the new Wall Street Pepe community; which is already working hard to bring everyday folk a market edge just like the original Wall Street Bets movement!

So don’t miss out – $50M raised is in the cross-hairs already, and if Wall Street Pepe can repeat the success of breakout 2024 presale Pepe Unchained (which raised a staggering $75M back in December before exploding +300% on DEX launch) then any early investor seems set for mega profits.

Keep in touch with Wall Street Pepe project news and developments through its vibrant community on X (formerly Twitter) and Telegram.

VISIT Wall Street Pepe HERE

EXPLORE: Bitcoin Txs Hit $19T in 2024: Top Web3 Wallet $BEST Raises $6.5M Ahead of Seismic Year For Crypto

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