Strong

Resistance

Ethena

<p>Ethena’s recent strong price performance continues to defy broader market corrections. Prominent analyst AMCrypto emphasized the resilience of <a href="https://captainaltcoin.com/ethena-ena-price-targets-new-all-time-high-amid-upcoming-major-developments/" target="_blank" rel="noopener noreferrer nofollow">ENA’s price</a>, reminding followers of the entry-level recommendation below $0.40 and suggesting substantial upside potential ahead. Technical analysis further supports this development, showing the cryptocurrency’s bullish trajectory.</p>
<h2 class="wp-block-heading" id="ethena-chart-analysis-strong-recovery-with-bullish-patterns-emerging">Ethena Chart Analysis: Strong Recovery with Bullish Patterns Emerging</h2>
<p>ENA has demonstrated a robust recovery after a prolonged decline earlier in the year. The daily price chart reveals a clear “cup-and-handle” pattern, often associated with continued upward momentum. The rounded bottom of this pattern reflects a period of gradual accumulation, culminating in a breakout above the critical $1.00–$1.20 resistance level.</p>
<p>This breakout signals heightened demand and buyer interest, reinforced by a steep upward trendline following the handle’s formation. Analysts observe that<a href="https://captainaltcoin.com/ethena-ena-price-reaches-new-highs-whats-driving-the-momentum-key-metrics-explained/" target="_blank" rel="noopener noreferrer nofollow"> Ethena’s price</a> has now established the former resistance zone as a new support level, further affirming the asset’s bullish outlook.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="1021" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-1024x1021.png" alt="" class="wp-image-596306" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-1024x1021.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-300x299.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-150x150.png 150w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-767x765.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-1536x1531.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-2048x2042.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-100x100.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-351x350.png 351w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419-788x785.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-419.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/AMCryptoAlex/status/1866415056444924295" target="_blank" rel="noopener noreferrer nofollow">X/AMCrypto</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="key-resistance-level-turns-into-support">Key Resistance Level Turns into Support</h2>
<p>Previously, the $1.00–$1.20 zone acted as a major resistance level, capping upward movement during earlier price action. The breakout above this level marks a pivotal moment for ENA, as the price now consolidates above it. This consolidation phase suggests that buyers are maintaining control, even as the broader crypto market faces corrections.</p>
<p>The horizontal shaded area in the chart highlights this transition, showcasing how the former resistance is being tested as support. A successful retest strengthens the likelihood of continued growth, provided external market factors remain favorable.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-kaspa-kas-price-could-surge-50x/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Kaspa (KAS) Price Could Surge 50x</a></em></strong></p>
<h2 class="wp-block-heading" id="amcrypto-s-bullish-tweet-aligns-with-technical-strength">AMCrypto’s Bullish Tweet Aligns with Technical Strength</h2>
<p>Crypto influencer AMCrypto highlighted ENA’s resilience in a recent tweet, stating that the token is “holding strong despite broader market correction.” The tweet also pointed to a previous recommendation of ENA below $0.40, suggesting early investors have already seen considerable gains. The mention of “a lot of upside potential” aligns with the bullish technical setup visible in the chart.</p>
<p>Based on the observed price movement, analysts view the breakout above $1.20 as a promising development for<a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow"> ENA’s price</a>. The current consolidation above this level could pave the way for continued upward momentum if the support zone holds. While external market conditions remain a factor, ENA’s technical and social indicators position it as a token worth monitoring in the weeks ahead.</p>
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<p>The post <a href="https://captainaltcoin.com/market-analyst-predicts-explosive-growth-for-ethena-ena-price-after-key-resistance-break/" rel="noopener noreferrer nofollow">Market Analyst Predicts Explosive Growth for Ethena (ENA) Price After Key Resistance Break!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Market Analyst Predicts Explosive Growth for Ethena (ENA) Price After Key Resistance Break!

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