📊 $ENA /USDT Technical Analysis Update
Current Price: $1.0740 (+5.35%)
🔍 Analysis:
$ENA is showing signs of recovery after testing a low of $0.9966. Despite the recent downtrend, the bounce off support indicates a potential bullish reversal if momentum sustains.
🎯 Targets:
1. Immediate Target: $1.1200 - Testing minor resistance to confirm recovery.
2. Secondary Target: $1.2000 - A key psychological and technical resistance zone.
3. Long-term Target: $1.2500 - Strong upward momentum may lead to this breakout level.
📉 Support Levels:
$1.0000 - Critical support zone; a breach may indicate further bearish sentiment.
💡 Trading Strategy:
Short-term traders should target $1.1200 for profit-taking while setting a stop-loss near $1.0500.
Long-term holders can consider accumulating at dips around $1.0000, aiming for a breakout above $1.2000.
Monitor volume closely at $1.2000 for confirmation of a bullish breakout toward $1.2500.
📈 Market Outlook: A sustained move above $1.1200 could reignite bullish sentiment, but failure to hold $1.0000 might signal continued weakness.
