Crypto analyst Ali believes Ethena (ENA) is ready for a fresh leg higher. In his post, Ali states that ENA is breaking out of a bullish flag and sets a target near $1.50. He frames the move as a classic continuation pattern. Price ran hard first, then paused inside a tight range, and now looks ready to trend again.
On the shared chart, ENA trades around $0.62 on the 4-hour timeframe while pressing against the upper boundary of the flag. Ali’s view is that a clean break above that line can unlock the next wave of momentum toward his $1.50 objective.
What ENA Chart Shows Right Now
The chart begins with a strong uptrend from late July, which forms the flagpole. After that push, ENA settles into a contracting channel that looks like a wedge or flag. The upper line slopes gently down.
The lower line rises and catches each pullback. Price keeps bouncing between both lines and compresses toward the apex. That compression often signals an explosive move once one side gives way.
On the right side of the chart, Ali plots Fibonacci levels to map possible targets. The 1.0 marker sits near $0.68. Above it, the 1.272 extension appears around $0.88. The 1.414 level is just above $1.00. The 1.618 level lines up near $1.25. The final extension on the plot is the 1.786 level, which lands close to $1.47.
That is why Ali talks about $1.50 as a reasonable stretch target if the breakout holds. The path he draws climbs from the top of the flag through these extensions in sequence, which gives a simple roadmap for bulls to follow if momentum returns.
Support zones are also clear on the chart. The rising lower boundary of the flag has been respected several times. That line now sits near the $0.58 area. As long as price stays above that trend line, the structure of the pattern remains intact and the bullish narrative from Ali makes sense.
How the ENA Trade Could Unfold
Ali’s tweet is straightforward. He says ENA is breaking out of a bullish flag and he is looking at $1.50. In practical terms, that means a decisive push and close above the flag’s upper line would be the first step.
If buyers keep control, the market can test $0.68, then the $0.88 to $1.00 region, and later the $1.25 zone. If momentum is strong, the move can continue toward the $1.47 to $1.50 pocket shown by the 1.786 extension.
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The other side of the story is simple. If ENA loses the lower trend line near $0.58 and starts closing below it, the flag would no longer be valid and Ali’s path would need a rethink.
For now, the structure looks constructive. Ali’s call lines up with the pattern, the compression is mature, and the Fibonacci map explains how a run toward $1.50 could develop if buyers press their advantage.
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