Ethena’s ENA token is showing signs of a potential recovery after holding above the $0.1367 support level. A crypto analyst identified $0.1912 as the first upside target and $0.30 as the next major level if the current structure continues to strengthen. Separately, Ethena’s total value locked (TVL) recently stood at approximately $5.21 billion, according to Domba.Eth, with a 3.92% increase over seven days and 18.57% over 30 days. Additionally, the protocol announced it had completed a SOC 2 Type II audit with a clean report, as stated by Ethena, marking a security milestone.
The ENA price setup has improved after the token retested the $0.1367 support and remained above it. According to crypto analyst Bitcoin Meraklisi, the current chart structure remains constructive as long as ENA maintains this level.
The analyst identified $0.1912 as the first upside target if the recovery continues. A move toward $0.30 would represent the next major target, putting the focus on whether ENA can build enough momentum to move beyond its recent range.
At the time of the analysis, the key level remains $0.1367. Holding above this area could keep the recovery structure intact, while a sustained break toward the first target would provide a stronger technical signal.
Price action is only one part of the ENA outlook. Ethena’s ecosystem has also continued to record growth in TVL.
According to Domba.Eth, Ethena’s TVL recently stood at around $5.21 billion. The figure increased 3.92% over seven days and 18.57% over 30 days, with more than $5 billion worth of locked assets on the ecosystem.
Recently, Ethena incorporated another milestone in operational security that might boost confidence among institutional and enterprise customers. The protocol revealed that it successfully completed a SOC 2 Type II audit according to the Security Trust Services Criteria, achieving a clean report without any exception.
As stated by the company, the audit covered operational controls for access management, change management, monitoring, and incident response. Ethena added that the SOC 2 assessment is distinct from smart contract audits and other types of security audits involving the protocol itself.
At present, ENA is trading above $0.1367, which continues to act as the major support level. The chart suggests the cryptocurrency may rise to $0.1912 and further to $0.30, provided the trend sustains.
