$ENS
Technical Analysis of ENS/USDT
Current Price: 48.70 24h High: 50.55 24h Low: 42.81
Price Action:
The price is currently trading at 48.70, indicating a 10.01% gain for the day.
The price is moving in a bullish trend, having broken the resistance levels at around 45 and is currently testing the resistance around 50.55.
The RSI is showing that the market is currently overbought, indicating a potential correction in the near future.
Support and Resistance:
Strong support is found at 42.81 (24h low), which is the most recent significant low point.
Resistance is at 50.55 (24h high), which is the current peak.
Buy and Sell Zones:
Buy Zone: Investors can consider buying at the support level of 42.81 if the price pulls back.
Sell Zone: Investors can consider selling at the resistance level of 50.55, if the price reaches this level.
Buy and Sell Targets:
Buy Target: If the price breaks above the resistance at 50.55, the target price could be 55.
Sell Target: If the price pulls back from 50.55 and falls below 45, the target price could be 40.
Disclaimer: This is not financial advice. It is important to consult with a financial advisor before making any investment decisions.