As per TheMarketPeriodical, Ethena (ENA) has rebounded strongly after defending its key $0.24 support zone, with price now approaching the monthly downtrend resistance. The token has tested this support level three times in 14 months, with historical V-shaped rallies following each retest. The latest rebound saw ENA surge over 20% from its intraday low, reaching $0.29 and aligning with prior accumulation zones. Analysts highlight recurring patterns, including sharp recoveries of 495% and 234% from similar levels in 2024 and 2025. The price is currently near the 0.786 Fibonacci level at $0.2989, with key resistance at $0.32, $0.37, $0.43, and $0.50. A breakout above the downtrend could signal a shift in the token’s structure.
Ethena Crypto Rebounds From $0.24 Support, Eyes Breakout Above Downtrend Resistance
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