🚨 $ENA /USDT: Bullish Pullback Near $1.16 – Will Buyers Regain Control? 🚨
$ENA /USDT is trading at $1.1611 after pulling back from its recent 24-hour high of $1.2304. The price retraced from overbought conditions but remains above a critical support level at $1.1276, suggesting buyers may look to re-enter for a potential rebound. If momentum picks up, ENA could target resistance levels at $1.1800, $1.2000, and a retest of $1.2304.
The RSI at 40.1 indicates neutral conditions, while the MACD reflects a slight bearish divergence. However, consolidation at this level signals a possible buildup for another leg higher. Traders should consider entries near the current price with a stop-loss at $1.1500 to manage risk, while keeping an eye on volume for confirmation of renewed bullish strength.
If support holds firm, ENA may rebound and reclaim its upward trend in the short term.