🔥 $ENA’S RECOVERY NEEDS A TRENDLINE BREAK FIRST
$ENA trades near $0.1969 beneath the descending resistance on the weekly chart.
My drawn scenario allows an initial pullback toward $0.10–$0.13 before a recovery attempt.
Breaking the trendline and reclaiming $0.28–$0.30 would strengthen the setup, with $0.38–$0.40 as the next hurdle.
Beyond that, $0.80–$0.87 is the major resistance zone before the prior swing high near $1.33.
That final target represents roughly +575% from the chart price. The path needs confirmed breakouts and retests, while losing $0.10 would expose the lower base.
$ENA
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #EtherTook60%OfCryptoLiquidations #BlackRockCryptoAssetsJump63% #CPIWatch #SouthKoreaPlansTighterCybersecurityRules
$ENA trades near $0.1969 beneath the descending resistance on the weekly chart.
My drawn scenario allows an initial pullback toward $0.10–$0.13 before a recovery attempt.
Breaking the trendline and reclaiming $0.28–$0.30 would strengthen the setup, with $0.38–$0.40 as the next hurdle.
Beyond that, $0.80–$0.87 is the major resistance zone before the prior swing high near $1.33.
That final target represents roughly +575% from the chart price. The path needs confirmed breakouts and retests, while losing $0.10 would expose the lower base.
$ENA
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #EtherTook60%OfCryptoLiquidations #BlackRockCryptoAssetsJump63% #CPIWatch #SouthKoreaPlansTighterCybersecurityRules