Ethena’s Triangle Pattern Hints at Breakout Potential, Targeting $1.47

Analysts are closely examining Ethena ($ENA) as a potential breakout candidate, based on a symmetrical triangle pattern and the Cup and Handle formation. The symmetrical triangle suggests near-term breakouts are possible if price surpasses resistance around $0.68. This aligns with a Fibonacci level at $0.6833. The support line at $0.60 remains strong, indicated by higher lows since August 25th. A move above this resistance could push the price towards $0.7037 and beyond.