🚨 $ENA /USDT Drops to Key Support Zone – Rebound or Breakdown Ahead? 🚨
$ENA is currently trading at $0.7838, down significantly today and nearing its 24-hour low of $0.7789. With an RSI of 23.86, the market signals oversold conditions, hinting at a potential bounce.
🔍 Key Levels to Watch:
Resistance 1: $0.8200 – Immediate hurdle for recovery.
Resistance 2: $0.8600 – Strong breakout zone.
Support: $0.7700 – Critical level to hold; a breakdown could lead to further losses.
🎯 Potential Trade Targets:
1. $0.8200 – Short-term recovery level.
2. $0.8600 – Key breakout target.
3. $0.9000 – Long-term extension for bullish momentum.
⚠️ Trade Insight:
Oversold RSI suggests potential for a reversal, but price must reclaim $0.8200 to confirm upward momentum. If $0.7700 fails, watch for declines toward $0.7500. Monitor volume for signs of a breakout or further weakness.