Binance Technical Analysis: ENS/USDT
📊 $ENS
#BTC94KShowdown /USDT Overview
The ENS/USDT pair is currently trading at $33.51, showing a steady upward movement of +1.27% over the past 24 hours. With 24h volume reaching 273,937.73 ENS and 9.04M USDT, liquidity remains strong, allowing for smoother price action.
Technical Analysis Breakdown
Current Price: $33.51
24h High: $33.81
24h Low: $32.22
Key Support & Resistance Levels
Support Level (S1): $32.22
The price has recently found support at $32.22, indicating a solid foundation for buyers. If this level holds, we could see another upward leg.
Resistance Level (R1): $33.81
This recent 24-hour high is the first level of resistance. A breakthrough here could pave the way for further bullish movement.
Target 1: $36.00
A potential rally could push the price to $36.00, where the next resistance might appear. Traders may look for opportunities around this level.
Target 2: $40.00
If momentum continues, $40.00 will be the next significant resistance. Breaking this level could signal a strong bullish trend with further upside potential.
Target 3: $44.00
A longer-term target, if the price breaks above the previous resistances, could be $44.00, representing a critical point for potential profit-taking.
Conclusion
With strong support at $32.22 and resistance at $33.81, ENS/USDT is showing a positive trend. The next key targets to watch are $36.00, $40.00, and $44.00. Traders should keep an eye on these levels for possible breakouts or pullbacks.
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a professional before making any trading decisions.