As ENA/USDT continues to show strong bullish momentum, we are observing some key levels for traders to watch for the next possible moves. Here's the technical analysis:
Current price: $1.1615 (+6.63%)
24-hour high: $1.1639 | 24-hour low: $1.0050
Target 1: $1.18 — immediate resistance
The price is approaching the level of $1.18, which previously acted as a strong resistance point. A successful breakout above this zone could open the door for greater growth potential.
Target 2: $1.25 — medium-term target
If bullish momentum continues, we may see a push towards $1.25. This level coincides with previous highs and serves as a critical point for further growth.
Target 3: $1.30 — long-term potential
Looking beyond the short-term price action, $1.30 could be a significant long-term target. A confident breakthrough of this level would indicate a sustainable upward trend and could trigger additional buying pressure.
Key support: $1.12
The nearest support level is around $1.12. If the price retraces, this area could become a solid foundation for a bounce.
Stay tuned for updates and keep an eye on these levels! 🚀
Note: The technical analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
This post highlights potential price targets while remaining interesting for the Binance community. Let me know if you need any adjustments!