ENA price has recovered sharply from sub-$0.15 levels in early September, reaching approximately $0.27 by September 26 with an 18% daily move. Lookonchain reported that a trader opened a 15x leveraged long position of 2.15 million ENA on Aster DEX, valued at roughly $592,000, with unrealized profits near $310,700. Daily trading volume has climbed into the hundreds of millions of dollars, indicating broader market participation. Analyst Crypto Patel identified $0.25 as the first target, followed by $0.50, $0.80, $1.25, and $3. The concentrated leveraged positioning also highlights potential volatility and liquidation risks.
ENA’s price has staged a significant recovery after trading below $0.15 through much of the first half of September. Daily closes progressed from $0.1546 on September 17 to $0.1683 on September 18, $0.2050 on September 19, and $0.2245 by September 24.
On September 26, CoinMarketCap data placed ENA around $0.27, with the token showing an approximately 18% daily move in several quoted currencies. The rally has drawn attention from larger traders willing to assume significant directional exposure.
Lookonchain reported that trader 0xc8F7 opened a 15x long position involving 2.15 million ENA on Aster DEX, valued at roughly $592,000. The position showed a reported profit of approximately $310,700, equivalent to a 786.54% return on the trader’s margin.
The leveraged positioning highlights risks surrounding ENA’s current momentum. A 15x position amplifies gains when price moves in the expected direction, while a relatively small adverse move can produce substantial losses or trigger liquidation.
Analyst Crypto Patel‘s first listed target is $0.25, followed by $0.50, $0.80, $1.25, and $3. If ENA establishes the $0.25 area as support, traders may focus on whether the recovery extends toward subsequent levels.
The token’s daily volume increased substantially during the September recovery, reaching hundreds of millions of dollars on multiple sessions. This reflects more market participation than a low-volume price spike, although volume alone does not determine whether the trend will continue.
The speed of the advance also raises the possibility of short-term profit-taking. A pullback toward previous breakout areas would not necessarily invalidate the broader structure, but losing those levels could weaken immediate momentum.
The $0.25 area remains an important near-term reference point. A sustained move above it could bring the $0.50 target into focus within the stated technical framework.
