{"id":56313,"date":"2025-07-21T18:37:31","date_gmt":"2025-07-21T18:37:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethena-price-prediction-following-the-ethena-stablecoinx-spac-deal\/"},"modified":"2025-07-21T18:37:31","modified_gmt":"2025-07-21T18:37:31","slug":"ethena-price-prediction-following-the-ethena-stablecoinx-spac-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethena-price-prediction-following-the-ethena-stablecoinx-spac-deal\/","title":{"rendered":"Ethena price prediction following the Ethena StablecoinX SPAC deal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/Ethena-price-prediction-following-the-Ethena-StablecoinX-SPAC-deal-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/Ethena-price-prediction-following-the-Ethena-StablecoinX-SPAC-deal-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/Ethena-price-prediction-following-the-Ethena-StablecoinX-SPAC-deal-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/Ethena-price-prediction-following-the-Ethena-StablecoinX-SPAC-deal-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethena (ENA) has breached $0.55 after 130% rally fueled by $360M SPAC deal to form StablecoinX treasury company.<\/li>\n<li>StablecoinX is expected to list on Nasdaq, focusing on long-term ENA buybacks.<\/li>\n<li>A hold above $0.55 brings $0.91\u2013$1.52 target in view, with a pullback risk to $0.20 on the contrary.<\/li>\n<\/ul>\n<p>Ethena (ENA) is in the spotlight due to a remarkable price rally amid a game-changing SPAC deal that could redefine the altcoin\u2019s long-term trajectory.<\/p>\n<p>With the announcement of a $360 million treasury initiative involving a merger with the SPAC TLGY Acquisition Corp, the Ethena Foundation has triggered widespread speculation about what\u2019s next for ENA.<\/p>\n<p>The merger has coincided with a sharp recovery in the price of ENA, which recently surged more than 130% from its June lows, flying past the critical $0.5892 mid-range resistance.<\/p>\n<h2>The SPAC deal has fueled investor excitement<\/h2>\n<p>On July 21, the Ethena Foundation <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/07\/21\/3118801\/0\/en\/TLGY-Acquisition-Corp-Announces-Business-Combination-and-Approximately-360-Million-PIPE-Financing-to-Form-StablecoinX-an-Ethena-Stablecoin-Focused-Treasury-Company.html\">revealed<\/a> it had launched StablecoinX, a crypto-native treasury company that will merge with TLGY Acquisition Corp to go public on the Nasdaq under the ticker USDE.<\/p>\n<p>The newly-formed company is tasked with accumulating a long-term strategic reserve of ENA, backed by $360 million in PIPE funding, including a $60 million commitment from the Foundation itself.<\/p>\n<p>Top-tier crypto investors like Dragonfly, Pantera Capital, Galaxy, and Polychain have also joined the deal, reinforcing confidence in ENA\u2019s potential as a long-term ecosystem token.<\/p>\n<p>The proceeds will not only fund token accumulation but also allow StablecoinX to operate validator infrastructure and staking services for the Ethena protocol.<\/p>\n<p>With Ethena already positioned as the third-largest issuer of digital dollars on-chain \u2014 trailing only Tether and Circle \u2014 this treasury strategy aims to deepen liquidity and promote price stability across the ecosystem.<\/p>\n<h2>Ethena price technical breakout signals shift in momentum<\/h2>\n<p>As the news of the StablecoinX launch broke, ENA\u2019s market reaction was swift and bullish, pushing the token past both the descending resistance line and the key horizontal resistance at $0.42.<\/p>\n<p>The price pushed past the crucial decision level at $0.55, a mid-range resistance that has historically defined bullish or bearish continuations, and hit an intraday high of $0.6056.<\/p>\n<p>If ENA manages to reclaim and close above $0.55 with volume support, it could ignite a push toward $0.91 and potentially the all-time high of $1.52 set in April 2024.<\/p>\n<figure id=\"attachment_323511\" aria-describedby=\"caption-attachment-323511\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-323511 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/Ethena-price.png\" alt=\"Ethena price chart\" width=\"1160\" height=\"448\"\/><figcaption id=\"caption-attachment-323511\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.geckoterminal.com\/eth\/pools\/0xc3db44adc1fcdfd5671f555236eae49f4a8eea18?utm_campaign=livechart-btn&amp;utm_medium=referral&amp;utm_source=coingecko\">GeckoTerminal<\/a><\/figcaption><\/figure>\n<p>However, if the price is rejected at this level, traders may witness a corrective move back to the range lows near $0.20, a zone that could present a compelling re-accumulation opportunity.<\/p>\n<p>Momentum indicators such as the RSI and MACD are clearly in bullish territory, with no signs yet of bearish divergence, suggesting that the rally may still have legs.<\/p>\n<h2>Market fundamentals strengthen ENA\u2019s case<\/h2>\n<p>Beyond price action, ENA\u2019s market fundamentals have dramatically improved, with a current price of $0.5377 and a 30-day gain of over 105%.<\/p>\n<p>Its circulating supply of 6.35 billion ENA represents just over 42% of its 15 billion total supply, while the token boasts a robust $3.38 billion market cap and a <a href=\"https:\/\/defillama.com\/protocol\/ethena\">TVL of $6.358 billion<\/a>.<\/p>\n<p>Daily trading volume has soared to $1.5 billion, reflecting growing liquidity and heightened investor interest following the SPAC announcement.<\/p>\n<p>Ethena\u2019s USDe, a synthetic dollar backed by a delta-hedging strategy, has also reclaimed a $6 billion supply \u2014 a figure last seen at its peak, further boosting community confidence.<\/p>\n<p>In the short term, Ethena\u2019s price outlook largely depends on how the price behaves at the $0.55 resistance and whether StablecoinX\u2019s listing on Nasdaq progresses without delays.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ethena-price-prediction-following-the-ethena-stablecoinx-spac-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethena (ENA) has breached $0.55 after 130% rally fueled by $360M SPAC deal to form StablecoinX treasury company. StablecoinX is expected to list on Nasdaq, focusing on long-term ENA buybacks. A hold above $0.55 brings $0.91\u2013$1.52 target in view, with a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":56314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56313"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56313"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56314"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}