Date: Wed, Oct 15, 2025 | 12:38 PM GMT
The cryptocurrency market is slightly trading in the green today as Ethereum (ETH) gains over 3.5%, jumping to $4,100 from its 24-hour low of $3,904. Riding the wave of Ethereum’s rebound, several altcoins are also flashing strength — and one of them is Ethena (ENA).
ENA has jumped nearly 8% in the past 24 hours, and its latest chart formation hinting at a potential bullish reversal that could set the stage for a stronger upside move.
Bump-and-Run Reversal (BARR) Pattern
On the 3-hour chart, ENA’s price action is shaping into a Bump-and-Run Reversal (BARR) pattern — a rare but powerful setup that often indicates the end of a bearish phase and the start of a sustained recovery.
The Lead-in Phase began when ENA faced consistent rejection from its descending resistance line near $0.6550, leading to a steady decline that eventually bottomed out around $0.1313, marking the Bump Phase.
From that low, ENA rebounded sharply, climbing to $0.4546 and reclaiming its 50-hour moving average (MA) at $0.4499 — a level now acting as a short-term support. The token is currently consolidating, potentially preparing for an attempt to break above the descending trendline.
What’s Next for ENA?
If ENA continues to hold above the 50-hour MA and manages to break through the descending resistance, it could confirm the start of the Uphill Run Phase — the stage where momentum typically accelerates and price action turns strongly bullish.
A confirmed breakout and retest could open the door for ENA to push higher toward the $0.70 region, representing a potential 55% upside from current levels.
However, traders should remain cautious and watch for clear confirmation before entering major positions, as rejection from the resistance could delay the move in the short term.
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