ENATechnical Analysis of ENA/USDT

Background Information:

Current price: $1.04

Change in 24 hours: -16.36%

Volume in 24 hours: 989.56 million ENA and 900.08 million USDT

Highest price in 24 hours: $1,320

Lowest price in 24 hours: $0.907

Technical analysis indicators:

Moving averages:

MA(5): 5,550,764.07

MA(7): 1.067

MA(10): 6,094,610.50

MA(25): 1.103

MA(99): 1.081

Relative Strength Index (RSI): 9.1%

MACD Indicator: Negative

KDJ indicator:

K: 42.24

D: 28.04

J: 19.88

Bollinger Bands indicator:

Upper range: $1,179

Lower band: $0.951

Analysis:

Trend: Down

Support levels: $1.02, $0.94

Resistance levels: $1,099, $1,168

comments:

The current price indicates a downtrend.

The RSI is indicating oversold territory, which may indicate the possibility of a rebound.

The MACD indicator indicates the intersection of signal lines, which may indicate the possibility of a trend change.

The KDJ and Bollinger Bands indicators indicate selling pressure.

Recommendations:

To buy: Waiting for a test of the support level at $1.02 or $0.94, while checking for positive signals from technical analysis indicators.

Sell: Continue selling when the resistance level is broken at $1,099 or $1,168.

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