Ethena (ENA) has rebounded sharply from its $0.24 support zone, gaining over 20% to reach $0.29. This marks the third time in 14 months that ENA has defended this level, previously leading to significant rallies. The token is now approaching its monthly downtrend resistance, with analysts noting potential for a breakout. Historical patterns show recoveries of 495% and 234% from similar levels in 2024 and 2025. Key resistance levels are identified at $0.32, $0.37, $0.43, and $0.50, with the price currently near the 0.786 Fibonacci level at $0.2989.