ENA/USDT Analysis

The current price of ENA/USDT is 0.9233, down 6.29% in the last 24 hours, indicating short-term weakness but showing signs of a slight recovery after hitting a low near 0.9059.

Technical Analysis:

1. Price Volatility:

24h High: 1.0010

24h Low: 0.9059

The current price is below the main MA lines, reflecting a dominant downtrend.

2. Technical Indicators:

MA(7): 0.9209, the price is trading above this line, indicating a short-term recovery effort.

MA(25): 0.9350, a strong resistance that needs to be overcome to reverse the trend.

MA(99): 0.9439, an important medium-term resistance level.

3. Trading Volume:

24h Volume: 80.47M, indicating that interest remains quite high despite the price adjustment.

4. Support and Resistance:

Support: 0.9050 and 0.8900 (strong support).

Resistance: 0.9350 and 0.9500.

Trading Strategy:

1. Entry Points:

Buy if the price breaks above 0.9350 with strong volume.

Wait for the price to retest the support zone of 0.9050 before entering if there are positive reaction signals.

2. Take Profit:

Short-term: 0.9500.

Medium-term: 1.0010 if the price recovers strongly.

3. Stop Loss:

Set a stop loss at 0.8900 to minimize risk if the price breaks strong support.

4. Note:

Monitor volume indicators and price behavior near resistance/support levels.

Avoid large trades when the overall trend is still unclear.

Hashtags:

#ENAUSDT #CryptoAnalysis #PriceAnalysis #DeFi