TEKT0NIC

$ENA / USDT – Weekly Chart (Update)

Price is currently trading around $0.2397 USDT, sitting deep in the lower range after a prolonged downtrend. The chart outlines a potential recovery setup, with a projected move toward the $0.8488 USDT mid-level — a key zone that previously acted as support before the breakdown.

$ENA has been consolidating near the lows, and while momentum remains weak, this kind of base-building can often precede a relief rally. The vertical arrow suggests a bullish target, but confirmation is still needed. A reclaim of higher weekly closes and increasing volume would strengthen the case for a move toward the mid-level.

Until then, structure remains cautious. Traders should monitor how price behaves around this zone — a strong reaction could offer a swing setup, while continued weakness would keep the bias defensive.

For now, this is a potential turning point — but patience and confirmation are key.

#ENA #Macro Insights# #Altcoin Season# #Bullish