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Ethena (ENA) To Bounce Back From the Current Dip? This Emerging Fractal Setup Says Yes!

Ethena (ENA) To Bounce Back From the Current Dip? This Emerging Fractal Setup Says Yes!

CoinsProbeCoinsProbe2025/07/30 05:30
By:Nilesh Hembade

Date: Wed, July 30, 2025 | 05:15 AM GMT

The broader cryptocurrency market is currently undergoing a healthy pullback after Ethereum (ETH) touched its multi-year resistance around $3,940 before easing back to $3,775. This temporary cooling has weighed on altcoins , including Ethena (ENA), which is down 6% on the day—cutting into its 30 day gains, now trimmed to 109%.

But a deeper look at ENA’s price action reveals a potentially powerful setup. If history is any guide, this emerging fractal pattern could be signaling a bullish reversal.

Ethena (ENA) To Bounce Back From the Current Dip? This Emerging Fractal Setup Says Yes! image 0 Source: Coinmarketcap

Fractal Setup Hints at a Bullish Reversal

On the daily chart, ENA is exhibiting signs of a repeat performance of its 2024 breakout structure. Back then, ENA printed a classic double-bottom reversal pattern. The move was initiated by a falling wedge breakout, followed by a bullish reclaim of the 200-day moving average. After a brief consolidation in the blue resistance zone, the token exploded nearly 89% to the upside in just a few weeks.

Ethena (ENA) To Bounce Back From the Current Dip? This Emerging Fractal Setup Says Yes! image 1 Ethena (ENA) Daily Chart/Coinsprobe (Source: Tradingview)

Fast forward to now, and ENA seems to be following a strikingly similar path.

It has again formed a rounded V-shaped bottom and broken out of a downward wedge. It is currently retesting the same 200-day moving average zone, with price consolidating just under the blue horizontal resistance — nearly identical to the prior breakout structure.

What’s Next for ENA?

If ENA can break decisively above the $0.70 region (marked in blue), it would confirm the neckline breakout of this double-bottom fractal. Should the pattern continue to unfold like the 2024 move, ENA could be on track to test its former resistance near $1.33 — representing nearly 90% upside from current prices.

However, the fractal also suggests that a short-term correction may still occur before the breakout. A healthy retest above the 200-day moving average would not invalidate the setup but rather align with the rhythm of the previous cycle.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions in the crypto market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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