$ENA Weekly Breakout Eyes Higher Range Targets

$ENA is trading at $0.7626, maintaining strong momentum after rebounding from the key $0.50 support zone. Price has rallied nearly 119.84% from its recent low, reclaiming mid-range levels and now approaching the major resistance zone around $1.30.

Long-Term

Entry Zone: $0.72 – $0.76 on pullbacks

Stop Loss: Below $0.65 to safeguard against deeper retracements

Target 1: $1.30 – historical resistance and key profit zone

Target 2: $1.50 – extended bullish objective if momentum persists

Market Structure Insight

The chart shows a clear cyclical pattern of deep lows followed by sharp expansions, suggesting that as long as $0.50 remains intact, the broader bullish trajectory remains valid. A weekly close above $1.30 would open the door for a retest of $1.50, potentially marking the next major bullish leg.