Ethena (ENA) has surged 50% in October, nearing the $0.60 mark, fueled by the growth of its DeFi ecosystem and increased adoption of its stablecoin, USDe. Currently, ENA is consolidating below the $0.52–$0.55 resistance range, with a 12% increase against the dollar today. The token's RSI stands at 52, indicating neutral momentum. A breakout above the current resistance could renew bullish momentum, while a failure to do so might see ENA retreat to $0.47. Analysts expect the token to trade between $0.52 and $0.53 as the month concludes.