• ENA has surged 105% following a breakout from a multi-month falling wedge on the daily chart.
• New technical levels have emerged, with support at $0.5336 and resistance at $0.6195.
• The breakout mirrors a previous May setup, where ENA gained 117.99% from a similar wedge structure.

The breakout occurred from a wedge structure that had capped price movement since late 2024. ENA consistently faced rejection at the descending trendline until early May 2025. Following the breakout, ENA rose sharply, reaching a high near $0.92, marking a 275.58% increase from its base. The measured move aligns with the projected target drawn from the wedge’s height.

Volume also expanded notably during the breakout phase, reinforcing the strength behind the price surge. The pattern had earlier displayed consistent lower highs and lower lows, a structure that ENA invalidated during the breakout. ENA broke through the $0.30 region decisively, eventually flipping key resistances into new supports. The change in structure and the sharp rise above previous highs has placed ENA in a short-term uptrend.

Support and Resistance Levels Re-Established Post-Rally

ENA now shows new support around the $0.5336 level, which aligns with its consolidation zone before the last upward move. This price has acted as a retest zone following the breakout. On the upside, the $0.6195 level stands as a newly tested resistance. Price action is currently compressing between these zones, indicating a pause after the recent surge.

Intraday volatility has also increased, reflecting more active trading around these key levels. The current range may serve as a staging point for further directional movement depending on volume and liquidity. ENA’s price has not revisited the descending wedge structure, which confirms the breakout’s validity and distance from the prior downtrend.

Technical Performance Matches Previous Breakout Setup

A previous wedge breakout in early May also led to a sharp upward movement, with ENA gaining approximately 117.99% in that phase. In both instances, the price broke above descending resistance and moved swiftly to hit projected targets. The earlier breakout topped near $0.70, and the current rally extended that peak, indicating price progression currently trading at $0.5759 with a 0.8% increase.

The recurring pattern and measured breakout targets suggest technical structures have influenced ENA’s recent moves. As of now, ENA trades significantly above its former resistance zones, and price remains well-positioned above its previous wedge top.