ENA token has formed a double bottom pattern at the $0.20 support level, signaling a bullish reversal in the midst of a downtrend.
Increased trading volume at this support level suggests growing interest from both institutional and retail investors.
A potential breakout above local resistance levels could lead to a significant rally, targeting prices at $0.8786, $1.2023, and $1.4818.
At the current price of $0.4072, ENA shows a 3.78% rise in the last 24 hours and an 11.28% increase over the previous week, reflecting a bullish trend in the crypto market.