- ENA’s bounce from the 0.618 Fibonacci indicates a bullish setup, with $2.61 as the ultimate target.
- Analysts are forecasting an ENA rally above the $1.46 resistance, which will unlock medium- to long-term gains.
etena [ENA] showed a solid technical setup, with its price structure forming a higher low within a defined ascending channel.
This price movement has caught the attention of market analysts, who see potential for further gains based on Fibonacci retracement levels and key resistance targets.
The technical setup indicates an uptrend
ENA was trading at $0.915 at the time of writing, with a 24-hour trading volume of approximately $1.24 billion, reflecting a 5.80% increase over the past day.
The price recently retraced to the 0.618 Fibonacci level, a widely observed support zone in bull markets.
This level, which coincides with the lower boundary of the ascending channel, acts as a springboard for a possible upward impulse.
According to the analysis of Pink Premium Signals ,
«ENA is showing bullish potential as it bounces off a strong 0.618 Fibonacci retracement zone within an ascending channel.»
The analyst highlights this setup as an example of disciplined market structures providing trading opportunities.
Source: X
Key targets and resistance levels
ENA’s current price action aligns with medium- and long-term targets that could see the cryptocurrency test higher levels. The first target is $1.6373, which marks an important resistance zone.
Breaking through this level would confirm ENA’s bullish outlook in the medium term. The second target is located at $2.1521, where some selling pressure is expected. The current trend suggests that this level is achievable.
A longer-term target of $2.6178 represents the top of the projected move within the ascending channel. This can be achieved if the momentum continues.
Additionally, another analyst, Bitcoin Meraklısı, noted the importance of the $1.46 resistance level, a key threshold within a cup structure that has formed since ENA’s listing.
The analyst commented,
«We believe that the real upward movement will begin when the ENA breaks above this level.»
Source: X
Network activity and market sentiment.
ENA’s recent price surge coincides with broader market activity. Large transactions peaked in mid-December 2024, with over 600 transactions recorded, suggesting increased participation from larger investors, according to On the Block data.
Source: IntoTheBlock
However, transaction volume has since slowed, with 124 large transactions recorded in the past 24 hours.
Meanwhile, address activity data shows a drop in new addresses by 14.70% over the past seven days, with active addresses and zero-balance addresses also decreasing by 3.33% and 21.48%, respectively.
Source: IntoTheBlock
Read Etenea [ENA] Price Prediction 2025-26
This trend suggests some slowdown in network growth, although price action indicates sustained interest in the asset.
ENA is showing bullish momentum bouncing off the 0.618 Fibonacci retracement within an ascending channel, indicating potential for further gains.
This is an automatic translation of our English version.
