Technical analysis by KiaEskandari about Symbol ENA: Buy recommendation (3/25/2025)

The ENA/USDT daily chart shows a descending triangle formation with price currently testing the upper resistance trendline around $0.419. A breakout above this level could trigger a strong bullish move. The RSI (14) is hovering around 53, suggesting building momentum from the bulls. Once the breakout is confirmed, we could see a rally toward the key resistance levels and Fibonacci extension targets at: •$0.6072 •$0.7665 •$0.9776 •$1.2662 Additionally, a successful breakout could lead to a retest of the 200 EMA, potentially flipping it into support and signaling a longer-term trend reversal. Trade Setup: •Entry: After confirmed breakout above triangle resistance •Stop Loss: Below $0.36 support zone •Take-Profit Targets: $0.6072 / $0.7665 / $0.9776 / $1.2662 •Timeframe: Daily Always manage your risk and wait for confirmation before entering the trade.