Technical Analysis for $ENA /USDT
Target Achieved: 馃毃 $ENA /USDT is trading at $1.0011, reflecting a -14.77% drop in the last 24 hours. The pair is experiencing significant downward pressure on the 30-minute chart, with potential stabilization signs around the psychological support level.
Next Potential Targets:
1. Immediate Resistance: $1.0500
2. Breakout Target: $1.1000
3. Extended Target: $1.2000
Key Insights:
The $1.0000 psychological level is crucial for preventing further decline and initiating a recovery.
A breakout above $1.0500 could lead to a stronger rebound toward $1.1000, with potential to reach $1.2000 if momentum strengthens.
Traders should exercise caution and set tight stop-losses below critical support to mitigate risks in a volatile market environment.