$ENA $ENA \

is once again exhibiting a familiar setup that has previously led to explosive moves. After climbing nearly 120% from its \$0.27 bottom, the token is now revisiting the critical \$1.3 resistance level—an area where it was previously rejected. The price action shows resilience, with strong support holding firm above \$0.50, indicating that bulls are still in control. The structure suggests that if \$ENA manages to break and hold above \$1.3, a swift rally toward \$1.5 could unfold, fueled by renewed momentum and investor confidence.

However, the recent daily decline of 7.24% can't be ignored. It's crucial to determine whether this is a healthy correction after a strong rally or a red flag indicating underlying concerns. Price movement alone doesn’t tell the full story. Anyone considering a position should take a deeper look into Ethena’s long-term business model, ecosystem growth, and tokenomics. Sustainability is key. A strong technical pattern is powerful, but it must be supported by sound fundamentals. Timing an entry based on both technical confirmation and business insight could offer the best chance of riding the next wave.