🔍 $ENA

/USDT Technical Analysis & Price Targets

The ENA/USDT pair has been showing strong momentum, up +15.57% in the past 24 hours, with the price currently sitting at $0.6048. Let’s take a look at the technical outlook and key price levels to watch for in the short term.

📊 Key Levels:

Support: The immediate support is around $0.5600, providing a solid base if the price experiences any pullbacks.

Resistance: The major resistance lies near $0.6060, which aligns with the recent 24-hour high and will be crucial to break for further upside movement.

Target 1 🎯: $0.6250 – If ENA pushes past the resistance, this level marks a key target for a bullish continuation.

Target 2 🎯: $0.6500 – A strong bullish trend could lead the price to this target, as it aligns with previous resistance areas.

Target 3 🎯: $0.6800 – A longer-term bullish move could see ENA reaching this level, where further technical resistance might come into play.

📉 Risk to Watch:

A break below $0.5000 could invalidate the bullish scenario and open the door to further downside.

Stay alert and trade wisely! Keep an eye on the support and resistance levels for potential entry and exit points. Happy trading on Binance! 🚀