$ENA /USDT, currently trading at 1.1551, is experiencing a consolidation phase, with buyers and sellers at an impasse. Key support lies at 1.1500, indicating potential for a rebound if this level holds. A break above 1.1600 could trigger a rally towards 1.1700 and beyond.
For entry strategies, monitor a breakout above 1.1600 for bullish signals or consider long positions if the price remains above 1.1500, keeping stops tight. However, a drop below 1.1500 may signal more downside, offering short opportunities.
The 50-period moving average remains above the 200-period MA, showing bullish strength, while an RSI near 55 indicates a neutral stance. Keep an eye on potential breakouts or breakdowns for trading opportunities.