Given a bullish breakout of a triangle pattern in the daily chart, the $ENA token is on a breakout run. The price jump from the 23.60% Fibonacci level is challenging the 50% level as it reclaims the $0.50 psychological mark.
The DeFi token has increased by 62.34% from its seven-day low of $0.31. Currently, it is trading at $0.544 and preparing for the 50% level breakout.
As it crosses above the 50-day EMA, the triangle breakout rally will likely challenge the 78.60% Fibonacci level close to the $1 psychological mark.
Meanwhile, the triangle breakout rally has improved the chances of the DeFi token reaching the $1.46 mark or the pinnacle of the triangle pattern.
Hence, with a massive upside of 184%, this is a DeFi token you must consider buying. The MACD indicator gives a positive crossover as the bullish influence grows.