Ethena (ENA) Smashes Resistance: $1.50 Target in Sight After Bullish Flag Breakout
Ethena's ENA token just ripped through a key technical pattern—and traders are rushing to front-run the next leg up.
The breakout play: That textbook bullish flag formation signaled consolidation before continuation. Now with the resistance level shattered, the path to $1.50 looks increasingly clear for this altcoin.
Why momentum matters: These patterns don't always hold, but when they do? They attract enough algorithmic traders and degenerate gamblers—sorry, "retail investors"—to become self-fulfilling prophecies. Just don't tell the SEC we said that.
Watch these levels: Any retest of former resistance-turned-support around $1.20 could offer a second-chance entry. But in crypto, second chances vanish faster than a VC's promises during a bear market.
- ENA trades around $0.70 after a 13% gain, aiming for $0.70 resistance and a possible $1 breakout.
- The USDe market cap jumps from $5.3B to $9.66B in three weeks, boosting bullish momentum.
- A bullish flag breakout bolsters the $1.50 target call, and a golden cross confirms long-term bullishness.
Ethena (ENA) displayed a strong recovery for Q3 2025. The coin climbed above 13% today, pricing around $0.70. Whale accumulation, USDe usage, and positive technical indications sparked this surge. Traders remain bullish as momentum grows, suggesting a possible drive towards higher levels of resistance.
Technical indicators confirm persistent bullish momentum. A golden cross from the 50- and 200-day EMAs is a positive signal for long-term momentum. RSI is 63.95, which leaves room for a bounce to the upside. MACD and AO histograms also depict confirming trends, confirming ENA’s thesis for a further bounce up over the coming weeks.
Double Bottom Pattern Signals Bullish Shift
ENA’s entry on Transak was simultaneous with a breakout from a descending wedge. Historically bullish, the continuation of this pattern brought ENA nearer its July high of $0.70. Successful reversal of this level could confirm the breakout, towards $1, and gather considerable momentum towards the next leg.
A potential double bottom pattern is emerging. The price has recovered from significant support, targeting the neckline resistance. Such a configuration is widely suggestive of changes in trends. Market analysts note growing buying interest, hinting at increased probability of further gains if buying pressure sustains across short-term and medium-term timeframes.
Ethena Rally May Push towards $1.50
ENA left the bearish flag pattern, attracting traders’ attention. Market analyst Ali Metinez projected a rally toward $1.50. The flag is the signal of the end. The strong follow-through could allow the price to move towards the target, but the volatility of the overall cryptocurrency spectrum is still a problem.
The bullish flag, often a continuation pattern, gives the right to raise the price further. Traders are now waiting to see if this buying pressure will last.
Long-term sentiment remains optimistic. If a breakout above the resistance level of $0.70 occurs, reaching the goal of $1.50 becomes conceivable. Since the fundamental analysts agree, the trajectory of ENA in 2025 is progressively pointing toward being bullish for the long term.
