$ENA

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📊 Technical Analysis: ENA/USDT - 21st January 2025 🚀

The ENA/USDT pair has been experiencing volatility recently, with the price currently at 0.8652 USDT, reflecting a 5.13% decrease in the last 24 hours. Here's a closer look at the current price action and key target levels:

🔍 Current Price: 0.8652 USDT

24h High: 0.9720 USDT

24h Low: 0.8312 USDT

Volume: 406.37M ENA / 368.09M USDT

📈 Technical Insights:

Support Zone: The recent low around 0.8312 suggests strong support, providing a potential buying opportunity near this price range.

Resistance Zone: The 24-hour high at 0.9720 has been a strong resistance level. A break above this could signal further bullish momentum.

Trend Indicator: The price is currently consolidating between 0.8312 and 0.9720, which suggests a potential breakout or breakdown in the near future.

🎯 Price Targets:

1. Target 1 - 0.92 USDT: This level represents the mid-range of the recent price action and could act as the first resistance point to watch.

2. Target 2 - 1.00 USDT: A breakout above 0.9720 could push ENA to 1.00 USDT, a psychological resistance level, signaling further bullish momentum.

3. Target 3 - 1.10 USDT: If the bullish trend continues beyond 1.00 USDT, the next key target would be 1.10 USDT, which aligns with historical price action and offers strong potential for gains.

💡 Conclusion:

The ENA/USDT pair is at a crucial point, and traders should keep a close eye on the 0.8312-0.9720 range. A breakout above the resistance zone could offer opportunities for further upside, while a breakdown below support may signal a bearish move.

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