📊 $ENA /USDT Technical Analysis Update
Current Price: $1.0646 (+5.76%)
🔍 Analysis:
$ENA is currently rebounding from its recent low of $0.9966, indicating a potential reversal pattern. Resistance lies near the recent high of $1.2275, while support remains strong at the $1.00 level.
🎯 Targets:
1. Immediate Target: $1.1200 - Testing minor resistance as bullish momentum builds.
2. Secondary Target: $1.2000 - Key psychological level and potential breakout zone.
3. Long-term Target: $1.3000 - A significant upside target if the rally sustains above $1.2000 with volume.
📉 Support Levels:
$1.00 - Critical psychological and technical support zone.
💡 Trading Strategy:
Short-term traders can take profits near $1.1200 while moving their stop-loss to $1.02 to secure gains.
Long-term holders can accumulate at dips around $1.00, targeting a sustained breakout toward $1.3000.
Monitor volume closely for confirmation of the breakout above $1.2000.
📈 Market Outlook: ENA shows strong potential for both recovery and long-term growth as it consolidates near the $1.00 support level.