ENA eyes $0.60 amid Ethena Labs expansion: check forecast

ENA, the native coin of the Ethena ecosystem, has been one of the strong performers over the last seven days.

The coin added 5% to its value during that period despite the broader crypto market underperforming. 

It could rally in the near term as the Ethena Labs team prepares to expand and roll out new products. 

Ethena Labs to roll out new products, expand team

Ethena Labs, the development team behind the USDe stablecoin, is preparing to expand its team by approximately 50%, according to co-founder Guy Young.

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Ethena has stayed roughly flat at ~20-25 contributors for the last 2 years. We are expanding the team meaningfully for the first time with 10 new roles across engineering and product for two entirely new business lines and products launching in the next ~3 months. Both of these

8:45 pm · 20 Oct 2025

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Young revealed that the startup is hiring for approximately 10 new roles to support the development of several new products.

Ethena has been operating with roughly 25 contributors over the last two years, but is now ready to expand the team, with 10 new roles across engineering and product for two entirely new business lines and products.

The new products are expected to launch over the next three months and will bolster Ethena’s existing stablecoin-like assets, USDe and USDtb.

Young revealed that the two new products have the potential to be the size of USDe, the third-largest stablecoin in the world. 

Ethena is looking to hire a head of security, a senior backend engineer, and other beginners in the DeFi, trading, and security departments.

The team is also hiring a business development associate and a product designer.

As the third-largest stablecoin by market cap, Ethena is backed by some leading crypto companies, including Binance Labs, Bybit, Dragonfly, Fidelity, and Franklin Templeton, and the investment arm of UAE digital asset conglomerate M2 Capital.

ENA could surge to $0.6 despite the bearish trend

ENA is down 4% in the last 24 hours and is now trading at $0.4471 per coin.

The ENA/USD 4-hour chart is bearish but inefficient, which could prompt the token to surge higher in the near term.

The technical indicators are switching bullish on the lower timeframe, suggesting that buying pressure is returning to the pair.

The RSI of 57 is above the neutral 50, indicating a bullish bias. The MACD lines are also within the positive territory, suggesting that buyers are regaining control of the market.

If the bullish trend continues, ENA could gain efficiency on the 4-hour timeframe by rallying to the $0.5329 level.

An extended bullish scenario would see the coin surge to the TLQ and resistance level at $0.6052 over the next few hours or days.

However, if the bulls fail to push the price higher, the correction could continue, and ENA could drop below the Friday low of $0.3751 and retest the monthly support level of $0.1318.

This swing low of $0.1318 is strong at the moment and could allow the bulls to push the price higher in the near term.

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