ENA Triangle Setup Highlights Breakout Potential

Key Insights:

• $ENA trades within a symmetrical triangle, with breakout potential if the price breaks above $0.68 resistance.
• The Cup and Handle pattern projects a $1.47 target, but only if a $0.84 breakout confirms on the daily chart.
• Trading volume exceeds $347 million as support holds near $0.60 and bullish structure remains intact.

Ethena ($ENA) shows a pattern that many traders closely watch. Analysts have identified both a symmetrical triangle and a possible Cup and Handle formation, which may suggest a move toward $1.47. While price remains under pressure, chart patterns may be pointing to a strong breakout potential if certain levels are breached.

Symmetrical Triangle Pattern Suggests Near-Term Breakout

According to a market analyst, Ali_charts $ENA is currently trading inside a symmetrical triangle in the 1-hour chart. The analysis suggests that resistance lies near $0.68, while support holds around $0.60. The price has been making higher lows since August 25, which could indicate growing bullish strength. 

The resistance at $0.6833 lines up with the 0.5 Fibonacci retracement level. Support remains strong at the rising trendline, with $0.6634 acting as an interim zone. Ali stated that a move above $0.68 may push $ENA toward $0.7037 and above. If the price fails to stay above the trendline, a drop to $0.6362 or even $0.6031 could follow.

As of press time, $ENA was trading at $0.6268, down 7.15% in the last 24 hours. This price is slightly below the 0.618 Fibonacci level, which has acted as short-term support. The trading volume over the last 24 hours is over $347 million, showing strong market activity.

Cup and Handle Pattern Suggests Target of $1.47

Moreover, analyst Kripto Ali presents a daily chart showing a Cup and Handle pattern. This pattern formed from February through August 2025, with the handle now taking shape. The setup becomes valid only if the price closes above the $0.84 resistance level. 

According to this analysis, if $ENA breaks out above $0.8432, the price may reach $1.47. The estimated move is based on the depth of the cup. Closing above $0.84 may trigger a sharp rally toward the measured target.

If the bullish patterns play out, $1.47 could be the next significant level. The support zones are near $0.6276 and $0.5386, while intermediate resistance levels appear at $1.00, $1.21, and $1.32. Traders are watching price levels closely, as both short-term and long-term patterns suggest that a breakout move is building.