Key Metric Flashes ‘Buy’ Signal for Ethena (ENA) Price – Could This Be the Next Leg Up?

Ethena price just got an interesting signal on its 4H chart. Popular trader Ali pointed out that the TD Sequential indicator has been spot-on lately, calling every major top and bottom for ENA over the past couple of weeks

Now, it’s flashing a fresh buy signal, right after the token saw a sharp pullback.

If you look at ENA recent price action, the TD Sequential has been almost flawless in timing reversals

Earlier this month, it flagged a “9” at the top near $0.84, right before ENA price started dropping. Before that, it nailed a buy setup near $0.56, which was followed by a big rally of more than 40%.

Image Source: X/Ali

Now, after sliding from the highs, ENA price is trading around $0.70 and has just printed another “1” candle in the TD buy setup. If the pattern plays out like before, we could see momentum start to turn back in the bulls’ favor.

Ethena Price Technical Levels to Watch

The immediate support zone sits around $0.68–$0.69. Holding above this range will be key for bulls to confirm that the downtrend is slowing

On the up side, the first test would be to recapture the $0.75–$0.76 level, followed by the recent high of $0.84.

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Should ENA price break above that resistance, the next logical target would be in the $0.90–$0.95 area where selling pressure might re-emerge.

On the down side, a clean break below $0.68 could target the price to $0.64 before bulls re-enter again.

Moreover, the TD Sequential works best in choppy or sideways markets, which is exactly what ENA has been in between its big swings

With the indicator’s recent accuracy and the fact that ENA price has cooled off from overbought levels, this new buy signal has caught traders’ attention.

While no signal is perfect, the chart suggests that the next few sessions could be crucial. If momentum shifts, this could mark the start of another leg up for ENA.

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The post Key Metric Flashes ‘Buy’ Signal for Ethena (ENA) Price – Could This Be the Next Leg Up? appeared first on CaptainAltcoin.