ENA is currently consolidating in a strong accumulation zone between $0.18 and $0.20, with buyers actively defending this price range. Historical patterns suggest that such accumulation phases can precede significant upward movements. Analysts note that a breakout above the descending trendline could target $0.63, $1.50, and potentially $3, representing a potential upside of 700% to 1000% from current levels.
The market structure shows price compression between a falling trendline and solid support, resembling a spring-and-coil setup. Volume analysis indicates that selling pressure is being absorbed, suggesting smart money accumulation. Traders are advised to watch for clean rejections at $0.18, as holding above this zone increases the likelihood of a breakout. A breach below $0.18 could invalidate the accumulation pattern and reset technical expectations.
ENA Accumulation Zone Signals Potential Breakout to $3
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