Ethena Surges 89% in July Amid Fractal Pattern Signal 170% Upside Potential

The cryptocurrency market has entered a volatile phase following a multi-week rally, with Ethereum (ETH) retreating to $3,600 from a peak of $3,875. Amid broader market uncertainty, Ethena (ENA) has demonstrated resilience, posting a 3% gain on July 25, 2025, and extending its monthly surge to 89%. This performance has drawn attention to a technical pattern resembling its 2024 breakout, which analysts suggest could signal further upward momentum [1].

ENA’s daily chart is exhibiting a fractal pattern nearly identical to its 2024 surge—a structure that catalyzed a 168% rally during that period. In 2024, the token formed a double-bottom reversal pattern confirmed by a breakout from a falling wedge. This breakout pushed ENA above its 200-day moving average and propelled it toward neckline resistance, achieving significant gains [1]. Current price action mirrors this setup, with ENA establishing a V-bottom followed by a falling wedge breakout, again surpassing the critical 200-day moving average [1].

If the fractal pattern continues, ENA could consolidate near its 200-day moving average support, estimated at $0.4269. This consolidation phase, observed in 2024, may precede a sharp rally. Should the support hold, the token could target neckline resistance near $1.33, representing approximately 170% upside from current levels. However, the validity of this bullish scenario hinges on ENA maintaining its position above the 200-day moving average. A breakdown below this level would likely invalidate the fractal pattern and signal a potential correction [1].

The current setup underscores the importance of technical analysis in cryptocurrency trading, particularly for tokens like ENA that exhibit repetitive price structures. While historical patterns provide a framework for potential outcomes, market conditions remain subject to broader macroeconomic factors and regulatory developments. Investors are urged to conduct independent research and assess risk tolerance before making decisions based on technical indicators [1].

Source: [1] [Ethena (ENA) To Soar Higher? This Emerging Fractal Setup Saying Yes!] [https://coinmarketcap.com/community/articles/68830fa87d1070328ddde598/]