$ENA bounced hard from the 0.10 base and is now consolidating inside a bullish flag on the 1H chart. This structure usually forms when sellers are exhausted and price pauses before the next leg. Importantly, this is price compression after expansion, not a weak sideways drift.
Within the flag, volatility is shrinking and downside attempts are getting absorbed quickly. As long as price holds above the lower boundary, the bullish structure remains valid. This is a reaction zone, not a chase zone — confirmation matters.
🔻 If #ENA loses 0.118–0.116 with acceptance, the flag fails and price can revisit the base area.
🔼 A clean breakout and hold above 0.128–0.130 can unlock the next move:
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ENA bounced hard from the 0.10 base and is now consolidating inside a bullish flag on the 1H chart. This structure usually forms when sellers are exhausted and price pauses before the next leg. Importantly, this is price compression after expansion, not a weak sideways drift.
Within the flag, volatility is shrinking and downside attempts are getting absorbed quickly. As long as price holds above the lower boundary, the bullish structure remains valid. This is a reaction zone, not a chase zone — confirmation matters.
🔻 If #ENA loses 0.118–0.116 with acceptance, the flag fails and price can revisit the base area.
🔼 A clean breakout and hold above 0.128–0.130 can unlock the next move:
Target: 0.138 – 0.1400 - 0.1450
Support: 0.118 → 0.115
Resistance: 0.130 → 0.138