ENA is starting to show a few signs of life, and the chart shared by Sjuul fits well with the idea of a “power of 3” setup. After several weeks of weakness, ENA could be on the cusp of shifting from a base-building phase to a more constructive phase.
Right now, the ENA price is trading around $0.22, though the key question revolves around testing a critical support point.
- ENA Is Trying to Build a Base After a Long Slide
- This Support Level Is Doing the Heavy Lifting
- What’s Next for ENA?
ENA Is Trying to Build a Base After a Long Slide
Looking at the left side of the chart shared by Sjuul, the ENA price spent a long time drifting lower before settling into a messy, choppy range. That yellow zone highlights a stretch where price moved sideways before eventually breaking down.
After that drop, ENA started forming a base in the lower range, with price repeatedly testing the same area and failing to push much lower. That kind of action often shows sellers are losing control.
Source: X/@AltCryptoGems
Then the structure shifted. The ENA price pushed back above support and made a sharp move higher into the green zone. Since that pop, price has pulled back, but the important thing is that it hasn’t given the move back entirely. That’s usually what bulls want to see if a recovery is going to stick.
Here Are $XRP Price Predictions for The End of 2026._**
This Support Level Is Doing the Heavy Lifting
The support zone in the low-$0.22 area is the level that matters most right now. It’s where resistance turned into support after the rebound, and it’s acting as the line in the sand. As long as ENA keeps holding above this level, the setup stays intact.
If that support fails, the chart starts to look a lot weaker. A break below it would likely send the
ENA price back toward $0.21 or even into the high-$0.19 range, where the earlier base formed. That would turn the recent move into a failed breakout.
What’s Next for ENA?
On the bullish side, the ENA price holds support and starts putting in higher lows. That would keep the expansion phase in play. The first area to watch is around $0.25 to $0.26, which lines up with the recent swing high.
If ENA can get back above that zone and hold it, the path opens toward the upper $0.20s, with the broader range resistance sitting much higher near $0.34.
If momentum doesn’t show up, a more neutral outcome is possible. In that case, ENA could stay stuck between the low-$0.22 support and resistance near $0.25, chopping sideways until the market makes up its mind.
So, where is the ENA price headed next? For this ENA price prediction, it really comes down to one thing. As long as support holds, ENA has a real shot at expanding higher. If it doesn’t, the chart likely slides back into consolidation.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Uptrend Encountering Resistance? Analysis: Bitcoin Rebound May Face Headwinds Between $75,000 and $85,000
Bitcoin is currently around $74,611, facing resistance near the $75,000 level, with $85,000 being a larger resistance zone. Despite bullish signals appearing in the derivatives market and a short-term uptick in risk appetite, the increase in Bitcoin flowing into exchanges may bring profit-taking pressure. Market focus is concentrated on the Federal Reserve's interest rate decision, and if the results fall short of expectations, it will affect the sustainability of Bitcoin's rebound.
区块客37m ago
Chainlink Dominates Discussion in RWA Sector
The RWA (Real World Asset) tokenization sector is drawing significant attention, highlighted by Chainlink's dominance with 14.2 million interactions, far surpassing other projects. The article examines market perceptions and potential for growth among top projects like ONDO and AVAX.
TapChiBitcoin1h ago
Fear and Greed Index Returns Above 40, BTC Weekly Gains 5.66%, ETH Weekly Gains 13%
Data from Xinfire Research Institute shows that from March 11-18, the Nasdaq index declined 1.26%, Bitcoin rose 5.66%, and Ethereum gained 13%. The Fear and Greed Index has exited the extreme fear zone. The Federal Reserve will release statements related to rate cuts tomorrow.
GateNews2h ago
Bitcoin Pulls Back to $73,500, Ethereum Consolidates at $2,300, CryptoQuant: Uptrend Faces Double Resistance, Fed Decision Thursday Becomes Key
Bitcoin reached a high of 75,500 USD today before pulling back to 73,910 USD. CryptoQuant points out that there is double resistance in the 75,000 to 85,000 USD range. The market is awaiting the Federal Reserve's interest rate decision announcement and Powell's assessment of stagflation. If the results are hawkish, it will increase resistance at the 75,000 USD level. Overall market sentiment remains consolidating sideways.
動區BlockTempo3h ago
CryptoQuant Alert: Bitcoin Bounce May Face Resistance Between 75,000 and 85,000 USD
CryptoQuant report shows bullish signals in the Bitcoin futures market, but if the price continues to rise, it will encounter resistance near $75,000 and $85,000. Meanwhile, the inflow of Bitcoin into centralized exchanges is accelerating, which may signal potential selling pressure, creating a contradiction with the bullish sentiment in the futures market.
MarketWhisper3h ago
Why Did Bitcoin Fall Today? Iran's Key Leader Dies, Hormuz Strait Faces Blockade Again
Recent reasons for Bitcoin's decline include geopolitical conflict uncertainty triggered by the death of Iranian wartime official Larijani, the blockade of the Strait of Hormuz pushing oil prices above $100, exacerbating inflation pressures and reducing Federal Reserve rate cut expectations, as well as institutional capital withdrawal. On the technical side, $72,000 is an important support level, and a break below could lead to further exploration toward $64,000.
MarketWhisper3h ago
