đINVEST NOWâïž ENA/USDT Analysis and Prediction đč
đ Explanation:
ENA has recently shown strong upward momentum, with a 12.72% price increase in the last 24 hours đ, indicating a surge in buying interest. Over the past 7 days (+54.48%) and 30 days (+40.55%), it has maintained bullish momentum đ, suggesting strong short-term growth.
However, the 36.68% decline over the last 90 days đ shows that ENA has experienced volatility. This could be due to broader market factors or profit-taking after previous highs. The 24-hour trading volume of 133.09M ENA đ reflects strong liquidity, making it easier for large trades to occur without much price disruption.
ENA's growing role in DeFi (Decentralized Finance) đ is a key factor driving its demand. As DeFi continues to expand, ENA benefits from this growth, increasing its usage and appeal among investors.
đź Prediction:
Short-Term: If the current bullish momentum holds and ENA breaks through the 0.3775 USDT resistance, we could see it rise to 0.40 USDT or more in the coming days đâš. Strong volume and positive sentiment are backing this trend.
Medium-Term: Considering the token's past volatility, a correction or consolidation may follow âïž. If the price struggles at resistance or if profit-taking begins, we could see a pullback towards 0.3064 USDT. Keeping an eye on market sentiment and crypto trends will be key đ.
đ„ Conclusion: ENA shows strong potential in the short term, but its history of volatility means it could experience ups and downs. Stay updated on key levels and market trends for better predictions! đ
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