Crypto Patel Lists $0.25 as Initial Chart Target for Ethena (ENA)

Crypto Patel identified $0.25 as an initial chart target for Ethena (ENA) in an Oct. 21 post, giving traders a reference level for the governance token of an Ethereum-based synthetic-dollar protocol.

Crypto Patel listed $0.13 and $0.25 as initial ENA targets in an Oct. 21 post. Patel also listed $0.50, $0.80, $1.25 and $3 as longer-term targets in that post.

ENA is the governance token of Ethena, an Ethereum-based protocol for synthetic-dollar products. Its USDe product is backed by crypto assets and hedging positions.