ENA is back on traders’ radar after a strong summer run. According to top analyst World Of Charts, the token already delivered 100%+ profits, and it looks like momentum isn’t done yet.
A new continuation pattern is forming, and if the breakout confirms, ENA price could be gearing up for a move toward the $1 level.
What the ENA Chart Is Showing
Looking at the 4H chart, Ethena price has been squeezing inside a triangle pattern. The lower trendline has acted as strong support, while the upper line has capped every attempt to move higher since mid-August. Now, the price is pressing right up against resistance again, with volume picking up.
This kind of setup usually signals that pressure is building. If ENA price breaks above the descending resistance, the structure flips bullish.
The chart projection shared by World Of Charts points toward the $0.90–$1.00 zone as the next target in case of a successful breakout.
Why $1 Is the Level to Watch
A move to $1 would be psychologically significant, as round numbers often act as magnets for price and key resistance points for traders.
The fact that ENA price already doubled in value earlier makes another big leg higher more believable, especially if buyers continue defending the current base around $0.60–$0.65.
If the breakout fails, the lower trendline near $0.55 becomes the level to protect. Losing that area could shift the short-term outlook back to neutral or even bearish. But for now, the momentum clearly favors the bulls.
With ENA price already delivering big gains lately, traders are now watching to see if history repeats. The chart is setting up another continuation breakout, and if it plays out, the next stop could be the long-awaited $1 mark.
For ENA holders, it’s a classic moment of patience, the structure is there, the momentum is there, and the breakout may just be around the corner.
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