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Markets

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 9

AnonymousCryptoCompass newsroom
August 28, 2026
1 min read
NEWS
Ethena Price Prediction: Will the Fee Switch Vote Send ENA to high in September?
CryptoCompass editorial visual for markets coverage.
  • 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?

Ethena Price Analysis (Source: TradingView)

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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