Ethena price could be gearing up for a major comeback, that’s what popular analyst Ali is suggesting after spotting what looks like a critical reversal signal on the chart.
The token has quietly stabilized around the $0.45 level after the recent crash, and now all eyes are on one key move that could trigger a big rally.
What’s Happening With ENA Price
The market has been brutal lately, but ENA seems to be fighting its way back. After weeks of selling pressure, the token finally found support and started forming a more constructive structure on the chart.
According to Ali, Ethena price might be printing a higher high, a classic sign of strength that often signals the beginning of a new bullish phase.
Right now, ENA trades around $0.45, but the setup suggests that if buyers can push it above the next resistance level at $0.60, momentum could build fast.
This is the “moment” Ali is referring to, the trigger that could send the price flying toward the $1.30 mark.
What the Ethena Chart Is Showing
Ali’s chart shows a clean shift in structure. ENA has been trapped in a downtrend for months, forming lower highs and lower lows.
But now, it’s testing that pattern with what could become the first confirmed higher high since summer. That’s a big deal for traders watching reversal setups.
The roadmap is pretty clear. If ENA price holds above $0.40 and reclaims $0.60 with volume, it opens the door to a potential run toward $1.00–$1.30. However, a dip below $0.38 would invalidate the setup and likely send the price back into consolidation.
Market Context and ENA Short-Term Outlook
The timing couldn’t be more interesting. ENA has managed to recover while the broader market remains shaky, and its on-chain metrics are starting to look healthier.
Traders are eyeing assets that have real yield models and proven product use, two things Ethena already brings to the table.
If the $0.60 breakout happens, it could flip market sentiment quickly. The next leg could be sharp, as the chart shows very little resistance up to the $1.00 area.
For now, though, patience is key. Ali’s signal is clear, but confirmation will depend on how ENA price behaves in the coming days.
In short, the setup looks promising. The structure is improving, the sentiment is shifting, and one strong breakout could be all it takes to bring ENA next major rally to life.