• ENA gained 11.3% in the past week, with resistance forming at $0.7612 and support established near $0.6551.
• Breakout above the descending trendline highlights stronger accumulation after consolidation around the $0.27 buy zone earlier this year.
• Sustaining price above resistance remains crucial, as market structure suggests further consolidation if momentum weakens.
  

ENA(Ethena) posted a strong rally last week, climbing 11.3% to reach nearly $0.7448. The token also outperformed major assets, gaining 13.2% against Bitcoin and 14.1% against Ethereum — a clear sign of growing short-term momentum. Current market structure shows that ENA is attempting to stabilize above recent resistance, with attention shifting toward a possible retest of critical levels.

ENA Faces Key Test at $0.7612 Resistance After Strong Recovery Rally

The token recently approached the $0.7612 resistance level after a breakout above a descending trendline. The price action indicates buyers have been defending above the price of 0.6551 that has been seen to be a good support line. What is notable is that the breakout came after a period of several weeks of accumulation, indicating heightened interest in buying. However, sustaining levels above the resistance band remains essential before further upside can materialize.

On higher timeframes, ENA has staged a recovery from its mid-year lows, where it consolidated near the $0.27 buy zone. The token has since climbed into a range capped by a pink resistance zone, marking a significant shift in market dynamics. The recent 11.3% weekly gain adds context to this movement, reflecting stronger participation. Still, analysts note that retesting above this zone is proving difficult amid current market conditions.

Outlook Hinges on Market Structure Stability

Looking forward, ENA’s trajectory depends on how price behaves around the $0.7612 resistance. Holding above $0.6551 keeps the structure intact and supports the possibility of continuation. If buyers maintain control, the token could build momentum toward higher targets, with $0.80 highlighted as a near-term reference. However, a failure to hold these levels would suggest extended consolidation. 

Up to this point, market players are waiting anxiously to see whether the trend strength gets verified. ENA’s recent gains reflect bullish short-term force, but its ability of sustaining higher above $0.6551 and breaking through $0.7612 will determine whether more increases toward $0.80 or extended consolidation.

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