Ethena (ENA) Price Poised for a Big Move as Key Pattern Signals a Bottom – Here’s How It Could Play Out
Ethena price is showing signs of strength after a rough few weeks. The token is now holding steady inside a major support area and could be setting up for its next leg higher.
The latest analysis from well-known trader BATMAN suggests that a fresh rally may not be far off if current conditions hold.
The chart shared by BATMAN shows ENA price trading right inside a large bullish fair value gap (FVG), a zone that often acts as a magnet for price rebounds.
This area lines up with the 0.768 Fibonacci retracement level, which has a history of signaling the end of deeper pullbacks. The fact that ENA has managed to stay above this zone after several attempts to break lower suggests that sellers are running out of steam.
Market sentiment also shifted after the Federal Reserve cut interest rates yesterday, its first cut since December.
Cutting lending costs would normally spur risk-taking and can enhance demand for crypto assets. For the ENA price, that macro backdrop adds extra confidence that this support could mark a longer-term bottom.
Momentum Building for the Next Leg
BATMAN points out that key momentum patterns on the chart are starting to turn up from oversold conditions.
While he avoids giving an exact timeline, the structure shows that downward pressure is easing and that buyers are stepping back in.
The analysis also notes that Ethereum’s next move could be a trigger, if ETH price makes a new high, ENA could ride that wave higher.
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What to Watch Next
If ENA holds this critical support and breaks back into the $0.70–$0.72 region, it would confirm that buyers have taken command.
From there, the subsequent upside targets can emerge in haste, especially if bigger crypto markets hold firm in response to the Fed policy shift.
For now, ENA price action is all about patience and confirmation. With the robust support at the critical technical level and improving market sentiments, it’s quite likely the recent dip was merely the reboot the bulls had sought. If buying continues to build, ENA could be on the verge of triggering a strong breakout in the days ahead.
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