$ENA /USDT Price Analysis – Momentum Building.... $ENA /USDT is currently trading at $0.7723, marking an 11.23% gain in the last 24 hours. The price has recovered strongly from a low of $0.6520, signaling growing buying interest. RSI at 69.40 indicates nearing overbought conditions, suggesting that momentum remains strong but warrants caution.
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Key Levels to Watch
Resistance:
$0.7800: Immediate resistance where selling pressure might emerge.
$0.8000: A critical level for further bullish confirmation.
Support:
$0.7500: Short-term support to watch for a pullback.
$0.7200: Strong support level if a deeper correction occurs.
Trading Strategy
For Bulls:
Entry: $0.7725 (on breakout confirmation above $0.7800).
Target 1: $0.8000
Target 2: $0.8200
Stop Loss: $0.7500
For Bears:
Entry: Below $0.7500 (if price fails to sustain above support).
Target 1: $0.7200
Target 2: $0.7000
Stop Loss: $0.7650
Market Insight
The recent breakout attempt signals strong momentum, supported by rising MACD and volume. However, RSI nearing overbought levels suggests the possibility of a pullback. A breakout above $0.7800 could trigger further bullish moves, while failure to hold $0.7500 support might lead to a deeper correction.