$ENA

$ENA

ENA /USDT Analysis💹🏆

Current Price: $0.5868 (+9.66%)

  • 24h High: $0.5950

  • 24h Low: $0.4964

  • Volume:

    • ENA: 155.76M

    • USDT: $84.33M

Moving Averages (MA)

  • MA(7): $0.5807 (short-term support, price slightly above).

  • MA(25): $0.5530 (mid-term support).

  • MA(99): $0.5293 (long-term support, confirming bullish trend).

The price is trending above all key MAs, highlighting strong bullish momentum.

Key Levels

  1. Support Levels:

    • Immediate Support: $0.5807 (MA(7)).

    • Strong Support: $0.5674 (recent consolidation).

    • Critical Support: $0.5530 (MA(25)).

  2. Resistance Levels:

    • Immediate Resistance: $0.5950 (24h high).

    • Key Resistance: $0.5994 (psychological and depth level).

    • Extended Resistance: $0.6200 (potential breakout zone).

Trading Strategy

#TradingTip #TradingStrategies💼💰

1. Targets

  • Bullish Scenario:

    • If price breaks above $0.5950:

      • First Target: $0.5994.

      • Second Target: $0.6200.

      • Extended Target: $0.6400.

  • Bearish Scenario:

    • If price falls below $0.5807:

      • First Target: $0.5674.

      • Second Target: $0.5530.

      • Further Target: $0.5293 (MA(99)).

2. Stop-Loss Levels

  • For Long Positions: Below $0.5807 (e.g., $0.5790).

  • For Short Positions: Above $0.5950 (e.g., $0.5965).

3. Indicators to Watch

  • Volume: High volume (155.76M ENA) indicates strong market interest. A volume spike near $0.5950 could signal a breakout.

  • Trend: The price remains in a bullish trend with strong momentum above moving averages.

Outlook