Ethena (ENA)

#ENA USDT chart shows that the price is making a strong reversal attempt from the lower support band of a long‑standing descending channel.

The ~1.30 level highlighted with blue arrows and a horizontal white line on the chart has acted as a strong peak/resistance point three times in the past. The green and orange circles at the bottom indicate the orderly responses the price has taken from the base of this falling channel.

At the current 0.0885 level, this bottom‑to‑top reversal movement that starts from the lowest part of the channel signals that we have reached a technically significant threshold.

If buying pressure strengthens and this bottom reversal is confirmed, the main horizontal resistance line at 1.30, indicated by the white arrow, can be followed as a long‑term technical target.

Do you think ENA, with its strong reversal from the channel base, could lead a new upward wave among DeFi projects?

Let’s meet in the comments.

$Ena #ENAUSDT #Crypto