ENS/USDT Analysis🤑💰💥
Current Price: $39.57, showing a +19.51% increase in the last 24 hours.
24h High: $47.47
24h Low: $32.09
24h Volume:🛑
ENS Volume: 10.15 million ENS
USDT Volume: $418.57 million
Moving Averages (MA):💸
MA(7): $42.58
MA(25): $38.86
MA(99): $32.12
Support and Resistance Levels:💵
Support Level: Around $38.86 (25-day MA), a key level to watch for any pullback.
Resistance Level: $47.47 (24h high) remains a strong resistance level, and breaking this could drive further upward movement.
Market Depth and Volume:🚀
Volume: ENS has seen strong trading volumes, which indicate solid market interest, particularly as it has gained nearly 20% in the last 24 hours.
Analysis:🎯
Bullish Momentum: ENS/USDT has shown significant upward momentum, with the price surging by 19.51%. Trading above the 25-day and 99-day moving averages supports the bullish trend. Testing the $47.47 resistance level will be crucial for further upside.
Trading Strategy:🎯
1. Entry Point: Consider entering on pullbacks near the $38.00-$39.00 range for better risk management.
2. Target: A breakout above $47.47 could push the price to the next target around $50 or higher.
3. Stop-Loss:🛑 Use a stop-loss below $38.00 to protect against downside risk in case of a reversal.
Conclusion:🎯
ENS/USDT is showing strong upward momentum, boosted by positive market sentiment. The price is trading above key moving averages, and breaking the resistance at $47.47 could open the way for further gains. However, traders should remain cautious and monitor key support levels around $38.86 for potential pullbacks.
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