Analyst Sees ENA Poised for $5 Rally as Accumulation Phase Deepens

Ethena’s symmetrical triangle structure suggests sustained accumulation, with the $0.30–$0.40 range emerging as a critical base for bullish expansion.

Technical indicators show reduced volatility and easing selling pressure, reinforcing the setup for ENA’s potential reclaim of upper resistance levels.

Crypto Patel’s forecast indicates an upward shift from $0.68 to $5, and charting that path decides ENA’s next bullish phase.

Ethena (ENA) is leafed at $0.3846 and is showing some early signs of consolidation after a brutal fall. Analysts note a structured setup that could potentially lead ENA toward $5 in the ongoing bull run.

Accumulation Zone as the Base for the Move

Crypto Patel highlighted the $0.30–$0.40 zone as a golden accumulation range. This area coincides with the lower boundary of a massive symmetrical triangle formed since mid-2024. Price action repeatedly returned to this zone, attracting liquidity from earlier accumulation phases.

The $0.40–$0.45 range represents an initial entry area, while the deeper $0.30 test aligns with prior order blocks. Both zones serve as strategic points for market participants to accumulate before the next expansion phase. The structure indicates that accumulation is building steadily, rather than being random or speculative.

Historical data shows that this zone has consistently acted as a magnet for smart money. Traders monitoring these areas may find opportunities as the market prepares for a gradual reclaim of higher levels, establishing the foundation for the projected bull run.

Technical Indicators Reflect Consolidation

ENA/USDT recently stabilized after approaching the lower Bollinger Band at $0.34. Heavy selling caused the drop, but contracting volume suggests that panic selling is subsiding. The short-term trend is now approaching the 20-day moving average, nearly $0.52, so this level will serve as the overall key resistance

Source: TradingView

The hourly RSI reads 33, which indicates nearly oversold conditions and suggests that accumulation might be going on. Volume behavior indicates first there were some upticks at the breakdown and then it contracted in amount, suggesting bearish momentum is decreasing. In order to confirm a bottom and a reversal from current consolidation, price needs to break above $0.52, accompanied by volume

Support is still at $0.34, with resistance at $0.52 and $0.68. Analysts view this stabilization as a prequel to upside price action, in a manner that’s consistent with a bullish triangle formation in the long term.

Progressive Targets Toward $5

Crypto Patel projected progressive targets for ENA: $0.68, $1.25, $2.60, and ultimately $5.00. Each target aligns with structural resistance points and breakout levels within the symmetrical triangle, showing a clear path of upward potential.

Reclaiming $1.25 and flipping it into support may trigger acceleration toward the next targets. The structure suggests long-term accumulation, breakout compression, and a potential bullish trajectory if volume confirms.

ENA’s current behavior reflects a textbook setup: accumulation at key zones, consolidation within the triangle, and a possible move toward $5. The $0.30–$0.40 range is not a risk but an opportunity for strategic positioning.

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