Is Ethena (ENA) Gearing Up for a Bullish Reversal? This Fractal Saying Yes!

Date: Tue, June 17, 2025 | 06:56 AM GM

The cryptocurrency market is experiencing bearish volatility as geopolitical tensions between Israel and Iran continue to rattle investor sentiment. Ethereum (ETH) has dropped from a recent 24-hour high of $2,680 and is now trading near $2,580. Unsurprisingly, several altcoins have also seen red — including Ethena (ENA), which is down more than 5% today.

However, beneath this gloomy backdrop, ENA’s chart may be quietly flashing a powerful bullish signal.

Source: Coinmarketcap

Familiar Fractal Signals Major Rally Ahead

On the daily timeframe, ENA appears to be repeating a nearly identical fractal pattern to what it formed in 2024 — a setup that led to a stunning 247% rally.

Back then, ENA formed a textbook double-bottom reversal pattern followed by a bullish falling wedge breakout. This structure acted as a launchpad, sending ENA soaring from under $0.30 to as high as $1.24 — nearly reaching its neckline resistance.

Ethena (ENA) Daily Chart /Coinsprobe (Source: Tradingview)

Fast forward to June 2025, and a similar pattern is unfolding again. After correcting over 80% from its peak, ENA has once again carved out a rounded bottom structure, followed by another falling wedge — one of the most reliable bullish continuation patterns in technical analysis.

What’s Next for ENA?

If history repeats, ENA could be gearing up for a breakout that mirrors its late 2024 surge. A breakout from the current falling wedge would likely target the same neckline resistance near $1.33, which represents a potential upside of 335% from current price levels around $0.29.

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