Analyst Predicts $1 ENA Target Based on Whale Accumulation on Binance

Ethena (ENA) experienced a significant price surge this week, jumping nearly 70% since May 7th to reach its recent high of $0.45 before retracing slightly. A bullish double bottom pattern is emerging on the daily chart, according to analyst AM Crypto, suggesting potential for further upside. This positive signal coincides with notable whale activity on Binance, as over $100 million worth of ENA is being accumulated. Based on this strong demand and the analyst’s predictions, a price target of $0.90 to $1 by Q3 seems achievable.