Ethena Price Prediction: Will the Fee Switch Vote Send ENA to high in September?

• ENA breaks above $0.18 resistance that capped every rally since April.
• Foundation bought out selling investors’ locked tokens, ending future VC unlock overhang.
• Fee switch vote would direct 95% of net revenue to ENA buybacks once USDe hits $7.5B.

ENA has doubled in just over a week, and unlike most memecoin-style spikes, this one is tied to actual structural changes in how the token works, not just market-wide risk appetite. The token broke decisively above the $0.14 to $0.18 resistance band that had capped every recovery attempt since Ethena’s April slide.

Ethena Price Analysis: Will ENA Price Go Up After Its Resistance Breakout?

ENA surged from around $0.08 to a high of $0.19 this week, clearing two overlapping resistance zones near $0.14 and $0.18 that had rejected price on prior bounces in May and June. Pric…

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