$ENA
đ ENA/USDT Technical Analysis & Price Targets đŻ
The ENA/USDT pair has shown strong bullish momentum in the last 24 hours, with a 14.07% price increase, indicating growing interest and market activity. Here's a breakdown of the technical outlook and three key price targets:
đ Current Market Overview
Price: $1.1423
24h High: $1.2000
24h Low: $0.9466
24h Volume (ENA): 234.66M
24h Volume (USDT): 257.63M
đKey Technical Indicators
1. SAR (Stop and Reverse):
Current SAR Level: $0.8750
The SAR is below the price, confirming a bullish trend.
2. MACD (Moving Average Convergence Divergence):
Momentum remains strong, suggesting the bulls are in control.
3. Bollinger Bands:
Price is nearing the upper band, indicating increased volatility and a potential breakout.
4. Support & Resistance:
Support: $0.9466 (24h Low)
Resistance: $1.2000 (24h High)
đŻ Price Targets
Based on current technical patterns and momentum:
1. Target 1 â $1.2000
Immediate resistance level. Breaking this would confirm the continuation of the bullish trend.
2. Target 2 â $1.2500
Next resistance level derived from previous price action and psychological benchmarks.
3. Target 3 â $1.4000
A longer-term target if the bullish momentum sustains, aligning with a potential breakout above $1.25.
â ïž Risk Management Tips
Watch for a potential retracement near the 24h high ($1.2000).
Use Stop-Loss at $1.00 to mitigate downside risks.
Monitor trading volumes; high volume near resistance may confirm a breakout.
đ„ Summary
ENA/USDT is showing promising signs of upward momentum. Traders should watch the $1.2000 resistance closely and prepare for potential breakout opportunities toward $1.25 and beyond. Stay updated for more insights and happy trading!
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