The post ENA Price Rally Could See Newer Highs as Key Breakout Nears and One Indicator Flips Bullish appeared on BitcoinEthereumNews.com.

Ethena (ENA) has corrected by nearly 6% in the past 24 hours. While that may look like the start of a pullback, the drop could just be a breather, one that gives fresh buyers a chance to enter, as multiple bullish signals still hold firm. On-chain and technical metrics show that momentum hasn’t been lost, and one critical breakout point could decide whether ENA extends its rally. Net Flows Flip Bullish as Selling Pressure Eases After a 30% rally over the past week, ENA saw a brief phase of retail profit-taking. Exchange net flows turned positive for three sessions during the rally as traders sent coins to exchanges to sell, coinciding with a move from $0.63 to $0.85. It is worth mentioning that the ENA price did manage to touch $0.85 briefly, breaking past a key resistance. However, it was the selling pressure that pushed the prices down. ENA netflows turn negative again, showing buying strength: Coinglass The selling pressure has since eased. Net flows have now flipped negative again at the time of writing, a sign that more ENA is leaving exchanges than entering, suggesting a shift back toward accumulation. This flip to bullish flows comes right as the ENA price hovers at a critical resistance level, hinting that buying pressure could align with another breakout attempt. Exchange Net Flows measure the difference between coins entering and leaving exchanges. Persistent negative flows typically indicate accumulation, while sustained positives can point to distribution. Bulls Hold 30-Day Control; A Rare Sight Perhaps the most telling metric is the Bull Bear Power indicator, which has shown uninterrupted bullish control for over 30 consecutive days. Even during minor dips, like the current 6% pullback, bears have failed to gain the upper hand. ENA bulls in control: TradingView This kind of sustained bull dominance…

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Filed under: News - @ August 12, 2025 11:25 pm