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Technical Analysis: $ENA

/USDT - A Look at Key Price Levels

The $ENA /USDT pair is experiencing notable movement, with a current price of $1.1241, showing a +3.88% increase in the last 24 hours. Despite the recent surge, we are seeing a minor pullback in the last hour, with the price dipping -1.06% to $1.1241 from the previous price of $1.1361.

Key Levels to Watch:

Support: The recent low of $1.0050 has provided solid support, indicating potential buying interest around this level.

Resistance: A key resistance level is set at $1.1999, the 24-hour high, where the price faced difficulty breaking higher.

Market Sentiment:

The market remains active with a 24-hour volume of 309.73M ENA and 346.29M USDT, reflecting a high level of interest in the pair.

Looking ahead, traders should monitor the support near $1.10 and the resistance at $1.20 for potential breakout or reversal opportunities. Short-term price action suggests some consolidation in the $1.12 range, but a breakout above $1.20 could open the door for further gains.

Stay tuned for more updates as the markxn3et evolves. Don’t miss out on real-time insights on Binance!