

ENA Price Forecast: ENA shows significant price elasticity after a downward trend a few months later.
Jun 12, 2025 pm 05:42 PMIn April 2024, ENA once rose to a high of nearly $1.20, and then entered a continuous downward channel. Eventually, the price found strong support around $0.30 and stabilized in this area, becoming the basis for subsequent rebounds.
After months of decline, ENA has shown a certain price elasticity. Judging from the historical trend, since the stabilization around US$0.30, the price has gradually rebounded. The current trading price is about US$0.3283, with an increase of 8.75% on the weekly chart, sending a positive signal.
The market structure shows an upward triangle pattern, which usually indicates an upward breakthrough. If the price can effectively maintain the support of the trend line and accumulate momentum, it may push a new round of upward trend towards key resistance levels.
ENA technical analysis and resistance observation
The current trend has built a clear technical pattern. A slanted green trend line is working, connecting the rising lows, showing signs of gradual entry of funds. At the same time, the $1.20 price represents an important short-term resistance.
This trend pattern is similar to the bullish start-up stage of other assets in history. Once this resistance is effectively broken, it is often accompanied by amplification of trading volume and acceleration of buying. Although the chart shows that a small pullback may occur in the short term, as long as the support area is not damaged, the overall bullish expectations will remain.
If the price successfully breaks through the $1.20 resistance level and is accompanied by a significant increase in trading volume, it will be confirmed that the bulls will dominate. By then, ENA is expected to further reach its $1.50 target, echoing the previous high and potential release of momentum.
As can be seen from the weekly chart, ENA has shown a clear upward trend, with the current quote being US$0.3283, with a weekly increase of more than 8.75%.
Market sentiment and future trends
ENA's market sentiment is shifting from cautious optimism to positive optimism. The recent trading volume has climbed to $140.6 million, reflecting a significant increase in investor attention.
Its market value is now US$2 billion, and it is still in the medium range and has a lot of room for growth. At the same time, ENA is also affected by the linkage of the entire crypto market. If the market remains strong, ENA may attract more capital inflows.
Various technical indicators are still showing positive signals, and in the future, we need to focus on the performance of the price range of US$0.30 to US$0.35. Changes in trading volume in this area will become an important reference indicator for judging whether a breakthrough is about to occur.
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