The post ENA Retests $0.20 Support Amid Bearish Trend, With Potential Surge to $0.95 appeared on BitcoinEthereumNews.com. Key Insights: ENA faces bearish pressure but shows signs of a potential reversal at $0.20 support. Falling wedge pattern hints at waning bearish momentum and upcoming price breakout. Possible surge to $0.95 if key resistance levels break with increased volume and bullish sentiment. ENA Retests $0.20 Support Amid Bearish Trend, With Potential Surge to $0.95 Ethena ($ENA) token has faced consistent bearish pressure for nearly a month. Recent market activity suggests a possible shift. The token is currently retesting its $0.20 support level, which has held up in the past. Potential for a Surge to $0.95 ENA has been forming a falling wedge pattern, which typically indicates that bearish momentum is weakening. Analysts believe that $ENA could experience a sharp upward movement. The mid-range price target for this potential rally is seen at $0.60, predictions suggesting that the token could reach as high as $0.95 if bullish momentum picks up. Potential Surge | Source: X However, the path to this surge depends on key factors like volume and market sentiment. Traders are looking for confirmation that $ENA can break through resistance levels before entering long positions. ENA is currently testing important support levels, and the market is awaiting signs of a possible reversal. Current Market Conditions for $ENA Over the last month, $ENA has shown a decline in price, falling from higher levels. At the time of writing, the token’s value is at $0.246, with a 24-hour trading volume of over $270 million. Despite the downtrend, some analysts see potential for recovery, particularly as the price approaches a significant support area. Falling Wedge | Source: X According to Alpha Crypto Signal $ENA is carving out a clean falling wedge, a pattern that often hints at waning bearish momentum and an upcoming reversal. This pattern suggests that there may be a… The post ENA Retests $0.20 Support Amid Bearish Trend, With Potential Surge to $0.95 appeared on BitcoinEthereumNews.com. Key Insights: ENA faces bearish pressure but shows signs of a potential reversal at $0.20 support. Falling wedge pattern hints at waning bearish momentum and upcoming price breakout. Possible surge to $0.95 if key resistance levels break with increased volume and bullish sentiment. ENA Retests $0.20 Support Amid Bearish Trend, With Potential Surge to $0.95 Ethena ($ENA) token has faced consistent bearish pressure for nearly a month. Recent market activity suggests a possible shift. The token is currently retesting its $0.20 support level, which has held up in the past. Potential for a Surge to $0.95 ENA has been forming a falling wedge pattern, which typically indicates that bearish momentum is weakening. Analysts believe that $ENA could experience a sharp upward movement. The mid-range price target for this potential rally is seen at $0.60, predictions suggesting that the token could reach as high as $0.95 if bullish momentum picks up. Potential Surge | Source: X However, the path to this surge depends on key factors like volume and market sentiment. Traders are looking for confirmation that $ENA can break through resistance levels before entering long positions. ENA is currently testing important support levels, and the market is awaiting signs of a possible reversal. Current Market Conditions for $ENA Over the last month, $ENA has shown a decline in price, falling from higher levels. At the time of writing, the token’s value is at $0.246, with a 24-hour trading volume of over $270 million. Despite the downtrend, some analysts see potential for recovery, particularly as the price approaches a significant support area. Falling Wedge | Source: X According to Alpha Crypto Signal $ENA is carving out a clean falling wedge, a pattern that often hints at waning bearish momentum and an upcoming reversal. This pattern suggests that there may be a…