The post ENA Price Tests Channel Resistance at $0.22 After 10% Rally as Momentum Signals Shift appeared on BitcoinEthereumNews.com.

TLDR: ENA rallied 10.02% in 24 hours to $0.2223, with trading volume reaching $134.14 million on the day The $0.22 resistance zone has consistently rejected price attempts with upper wicks signaling supply MACD compression and RSI in mid-40s indicate momentum equilibrium between bulls and bears currently A clean 4-hour close above $0.22 with volume would invalidate bearish thesis and trigger rally moves Ethena (ENA) is trading at $0.2223 as of writing after recording a strong 10.02% rally in the past 24 hours. The token also posted a 6.55% gain over the past week.  Trading volume during the 24-hour period reached $134.14 million, reflecting heightened market interest. However, technical analysis suggests the cryptocurrency now faces a critical test at its ascending channel resistance. The recent price surge has pushed ENA back into the upper boundary of its well-established trading channel.  Market observers note that this zone around $0.218–$0.22 has consistently acted as a rejection point. The current price behavior indicates sellers are defending this level with increased intensity. Channel Structure Signals Potential Reversal ENA has maintained its ascending channel pattern for several weeks now. The structure shows consistent higher lows but repeated failures to break above the upper trendline.  Recent price action demonstrates that dip buyers remain active near the $0.20 support level. The latest impulsive move from this lower support showed considerable strength on the charts. Market analysis from CryptoPulse highlights that ENA is showing rejection signs at the channel resistance.  $ENA at channel resistance Price has pushed back into the upper boundary of its ascending channel and is starting to show signs of rejection As long as $ENA stays below the $0.22 area, downside continuation toward the lower channel support at 0.2 remains likely. … pic.twitter.com/oWNzi7MwQM — CryptoPulse (@CryptoPulse_CRU) January 2, 2026 The tweet notes that downside continuation toward…

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Filed under: News - @ January 2, 2026 7:19 am