$ENA ENA/USDT – Testing Key Lows Amid High Volatility
Current Price: $0.9654 (-17.02%)
24h High: $1.1774 | 24h Low: $0.9636
24h Volume: ENA: 186.84M | USDT: 202.35M
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Technical Overview:
EMA Trends:
EMA(7): $0.9840
EMA(25): $1.0391
EMA(99): $1.1213
Downtrend intact as short-term EMA remains below longer-term EMAs.
Immediate Support:
$0.9533 – Holding this level is critical to avoid further declines.
Resistance Levels:
$0.9840 (EMA 7)
$1.0391 (EMA 25)
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Key Observations:
Trend: Strong bearish momentum as price tests fresh lows.
Volume: Elevated activity suggests significant trader interest in this zone.
Potential Reversal Zone: If the price sustains above $0.9533, a short-term bounce toward $0.9840 or higher is possible.
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Potential Trade Setups:
🟢 Bullish Scenario:
Entry Range: $0.9600–$0.9700
Targets: $0.9840 (EMA 7), $1.0391 (EMA 25)
Stop-loss: Below $0.9500
🔴 Bearish Scenario:
Entry Trigger: Break below $0.9533
Targets: $0.9400, $0.9200
Stop-loss: Above $0.9750
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Market Sentiment:
ENA/USDT remains under heavy selling pressure. With current levels nearing oversold territory, traders should monitor for any volume-driven breakout or continued downside. Keep an eye on $0.9533 for directional confirmation.
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