Technical analysis by TheSignalyst about Symbol ENA: Buy recommendation (8/11/2025)

ENAUSDT ENA has just completed one of the cleanest bullish breakouts we’ve seen this month — transitioning from months of compression inside a bearish channel to an aggressive impulsive rally. 📉 Bearish Phase For most of 2025, ENA traded within a descending parallel channel, stuck in a cycle of lower highs and lower lows. Momentum was firmly in the bears’ hands, and every rally attempt was quickly rejected at the channel’s upper bound. 📈 Bullish Breakout In late July, the tide shifted. Price broke decisively above the channel, retested the breakout zone, and entered a steep ascending channel. This bullish structure is now guiding price toward the $0.90 and $1.00 resistance zones — key psychological and technical targets. The current move has left an orange demand zone ($0.70–$0.72) in its wake, which could act as a magnet for a healthy retest before another push higher. 🔥 Fundamental Tailwinds ENA (Ethena) has been making headlines in the DeFi yield space with its synthetic dollar protocol USDe, offering stable and high on-chain yields. Recent updates include: Expansion of USDe collateral integrations across major DeFi protocols. Strategic partnerships with lending and derivatives platforms, increasing USDe’s utility. Continued growth in circulating USDe supply, signaling strong adoption. As yields and DeFi activity heat up, ENA could continue to attract liquidity — especially with narratives around on-chain stable yields gaining momentum. 🧠 Key Levels to Watch - Support: $0.70–$0.72 (demand zone) - Immediate Resistance: $0.90 Major Breakout Target: $1.00 — a key round number and potential profit-taking zone. A clean retest of the orange zone followed by bullish confirmation could offer one of the best risk-to-reward entries in weeks. 💬 What’s your take — will ENA clear $1 on this run, or does it need a deeper pullback first? 🔔 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr