$ENA

🚀 ENA/USDT Technical Analysis & Price Targets 🎯

The ENA/USDT pair remains in a bullish phase, with a 13.21% gain in the past 24 hours, reflecting strong momentum in the DeFi sector. Here's a detailed technical analysis and price targets for ENA:

📊 Current Market Overview

Price: $1.1359

24h High: $1.2000

24h Low: $0.9466

24h Volume (ENA): 239.08M

24h Volume (USDT): 262.74M

🚀Key Technical Indicators

1. SAR (Stop and Reverse):

Current SAR Level: $0.8750

The SAR is far below the current price, signaling a strong bullish trend.

2. Bollinger Bands (BOLL):

The price is moving near the upper band, indicating high momentum and potential for further gains.

3. MACD (Moving Average Convergence Divergence):

The MACD remains bullish with clear divergence, suggesting continued upward movement.

4. Support & Resistance:

Support: $0.9466 (24h Low)

Resistance: $1.2000 (24h High)

🎯 Price Targets

1. Target 1 – $1.2000

Immediate resistance level; a breakout here would confirm continued bullish momentum.

2. Target 2 – $1.3000

A key psychological resistance; breaking this could attract more buyers.

3. Target 3 – $1.4000

A longer-term target if the bullish trend sustains, supported by strong market sentiment.

⚠️ Risk Management Tips

Stop-Loss: Place a stop-loss at $1.00 to protect against sudden reversals.

Monitor volume levels to confirm breakout strength near $1.2000.

Be cautious of profit-taking near psychological levels like $1.3000.

🔥 Summary

ENA/USDT is showing strong bullish momentum and is likely to test the $1.2000 resistance. Breakouts beyond this level could push the price to $1.3000 and even $1.4000, provided the trend continues. Keep an eye on volume and use stop-loss strategies to mitigate risk.

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