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<p>Ethena (ENA) is starting to catch traders’ eyes again, and for good reason. <a href="https://captainaltcoin.com/ethena-ena-price-surges-past-resistance-as-bullish-momentum-builds-toward-a-10x-spike/" target="_blank" rel="noopener noreferrer nofollow">The price of ENA is forming a classic chart </a>setup that usually hints at a potential reversal. At the same time, crypto expert Captain Faibik has shared his bullish take on ENA, saying he’s aiming for a midterm target of $0.75.</p>
<p>So, what’s going on with the chart? ENA price has been moving inside a falling wedge, that’s when two downward-sloping trendlines start to squeeze together. It’s a setup that often shows up right before a breakout to the upside.</p>
<p>After bouncing off the lower wedge support, ENA has been climbing steadily toward resistance. <a href="https://captainaltcoin.com/how-high-can-ethena-ena-price-go-this-month-experts-weigh-in/" target="_blank" rel="noopener noreferrer nofollow">Right now, Ethena price is testing that upper boundary</a>, and early signs are pointing toward a potential breakout. If it manages to push through with solid volume and a strong daily close, that could confirm the move. For many traders, this type of pattern is a go-to signal for a bullish reversal.</p>
<h2 class="wp-block-heading" id="ethena-price-targets-and-support-zones">Ethena Price Targets and Support Zones</h2>
<p>The projected move from this wedge, if confirmed, points toward a price near $0.75. This aligns with the height of the wedge pattern and past price consolidation zones. From the current breakout level around $0.42, this represents an estimated 78% gain.</p>
<p>Immediate support levels are located between $0.36 and $0.38. These levels mark the recent bounce point and serve as a cushion in the event of a failed breakout. The confirmation zone for a continued move is between $0.43 and $0.44, which would indicate a stronger bullish structure.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-1024x526.png" alt="" class="wp-image-660641" srcset="https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-1024x526.png 1024w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-768x394.png 768w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-1536x788.png 1536w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-2048x1051.png 2048w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-292x150.png 292w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-682x350.png 682w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331-788x404.png 788w, https://captainaltcoin.com/wp-content/uploads/2025/04/image-331.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoFaibik/status/1911285142028460157" target="_blank" rel="noopener noreferrer nofollow">X/CaptainFaibik</a></em></strong>
 </figcaption>
</figure>
<p>Moreover, Captain Faibik shared his view on the ENA price chart. In his post, he stated, “ENA Bottomed out &amp; is on the Verge of Wedge Breakout..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9d0.png" alt="🧐" class="wp-smiley" style="height: 1em; max-height: 1em;"> I’m Still Bullish on it &amp; Holding my bag…<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Midterm Target: $0.75.”</p>
<p>His comment has gained traction in the trading community. The tweet reflects confidence in the pattern’s validity and supports the midterm target identified through chart analysis.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-helium-hnt-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Helium (HNT) Price Is Pumping</a></em></strong></p>
<h2 class="wp-block-heading" id="ethena-market-outlook-and-risk-levels">Ethena Market Outlook and Risk Levels</h2>
<p>While current momentum favors a potential breakout, traders continue to monitor for volume confirmation. The $0.44 zone remains critical for validating the pattern. Failure to sustain above this level could lead to a pullback toward the $0.36 support range.</p>
<p><a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">Ethena price structure and technical context indicate </a>that it may be entering a new phase of price discovery. Traders are awaiting a daily close above the resistance line to confirm breakout strength. The next few sessions may prove pivotal in determining the asset’s short-to-midterm trajectory.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/this-chart-pattern-could-send-ethena-ena-price-up-78-heres-why/" rel="noopener noreferrer nofollow">This Chart Pattern Could Send Ethena (ENA) Price Up 78% – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

This Chart Pattern Could Send Ethena (ENA) Price Up 78% – Here’s Why

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