Analysts from Coinpedia and BitcoinWorld have released detailed price predictions for the Ethena (ENA) token, projecting its potential trajectory from 2026 through 2030. The forecasts are based on technical analysis, protocol fundamentals, and broader market cycles, with a key focus on whether ENA can surpass the $2 threshold.
The current live price of Ethena is approximately $0.2488, with a market capitalization nearing $1.98 billion. The token's all-time high was $1.5170 on April 11, 2024, and it found a significant support zone between $0.20 and $0.25 throughout 2025.
For 2026, Coinpedia's analysis suggests that if ENA successfully breaks out from a descending wedge pattern by retesting resistance near $0.46 to $0.54, it could trigger a 450% surge, potentially reaching $1.30. Their maximum price target for the year is as high as $21.30. BitcoinWorld's forecast is more conservative, projecting a 2026 trading range between $0.85 and $1.40 in a moderate scenario, with an optimistic target up to $1.70.
Looking further ahead, long-term price tables indicate a gradual appreciation. By 2027, average prices are forecast between $2.12 and $2.68. The 2030 outlook is particularly bullish, with Coinpedia predicting a potential high of $7.39 and an average price of $5.16. BitcoinWorld's 2030 moderate forecast ranges from $2.00 to $4.00, with an optimistic scenario exceeding $6.00.
The analysis underscores that ENA's price is intrinsically linked to the adoption and success of Ethena Labs' synthetic dollar protocol, USDe. USDe's supply surpassed $2 billion in early 2025, indicating initial product-market fit. The protocol's ability to generate sustainable yield through its 'Internet Bond' mechanism and capture fees for distribution to ENA stakers is cited as a primary long-term value driver.
However, experts from firms like Delphi Digital and Kaiko highlight significant risk factors, including the sustainability of yield sources, potential smart contract vulnerabilities, increasing regulatory scrutiny of stablecoins, and ENA's high correlation with broader crypto market cycles. The token's fixed maximum supply of 15 billion and vesting schedules for team and investors are also noted as factors influencing price action.
