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Ethena's ENA token rises 7% amid buyback plans and growing TVL, eyeing $0.30 target.

Protocol Fundamentals
21 Oct 2026
AMBCrypto
View Source
Bullish
Ethena's ENA token rises 7% amid buyback plans and growing TVL, eyeing $0.30 target.

Ethena's ENA token has increased over 7% in the last 24 hours, driven by strong fundamentals including over $1 billion in real fees and a new buyback mechanism funded by these fees. The protocol's Total Value Locked (TVL) has grown to $1.32 billion since August, and major investors like Janus Henderson are integrating with Ethena for cash management. Despite recent downtrends due to liquidations and whale sales, technical indicators suggest a bullish reversal if ENA clears the $0.215 resistance level, with a potential price target of $0.30. Failure to hold could see a drop back to $0.135.

Ethena's ENA token is up 13.44% on Pluang as of Oct 22, 2026 00:12 WIB, showing strong investor interest alongside the news of a $1 billion buyback. The token trades at Rp3.959 with a balanced order activity of 50% sell and 50% buy, indicating steady market engagement. Typical holders keep ENA for around 45 days, reflecting moderate-term confidence in the asset.

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