Ethena ($ENA) has rallied 260% from a $0.25 entry, now trading at $0.81 with bullish sentiment intact.
Technical breakout above multi-month resistance confirms strength, with targets mapped at $1, $2, and $5.
Analyst advises booking partial profits to manage risk and ride gains with remaining position.
Ethena ($ENA) has surged 260% from a $0.25 entry price, now trading at $0.81. The cryptocurrency’s rally follows a decisive breakout from a prolonged consolidation phase, with bullish targets aiming for $1, $2, and $5 in the coming sessions.
$ENA Breakout Above Resistance Fuels Strong Uptrend
The $ENA price chart on the 3D timeframe shows a clean breakout above a multi-month descending resistance. This technical move will signify the conclusion of a long process of consolidation and the beginning of a very powerful bullish movement.
According to the breakout, the $ENA retested and maintained above 0.50. 0.55 region, which was a first take-profit (TP1) level. The new shift was a valid move as a sustained rally beyond TP2 at around $0.75 resulted, which demonstrates the strength of the market.
Targets Set at $1, $2, and $5 Amid Bullish Momentum
Analyst Crypto Patel confirmed via social media that both TP1 and TP2 were reached successfully. He noted $ENA is up 260% from the $0.25 entry, reiterating bullish targets of $1 (TP3), $2 (TP4), and $5 (TP5).
Volume analysis shows strong participation from traders, supporting the upward move rather than speculative illiquidity. Fibonacci projections align with the analyst’s targets, suggesting the $1.00 psychological level may serve as a stepping stone for higher levels.
Risk Management and Profit-Taking Strategy Advised
There was a bullish view of this, but analysts warned against greed. He advised traders to secure partial profits at each target to manage risk effectively.
By booking gains and letting the remainder run with “house money,” traders can protect capital and reduce emotional stress during pullbacks. The key support level to maintain the bullish structure remains $0.55.
