a short technical analysis and trade signal for the $ENA

/USDT pair based on the provided data💯🔥

Technical Analysis

Trend: Bullish (+7.87% in 24h)

Momentum: Strong buying pressure observed with a high trading volume.

Support Level: $1.02 (recent low)

Resistance Levels: $1.078 (24h high), followed by psychological resistance around $1.10.

Indicators:

RSI: Likely nearing the overbought zone; cautious buying recommended.

MACD: Confirmed bullish crossover with upward momentum.

Trade Signal

Entry Point: $1.053 - $1.057

Targets 🎯:

Target 1: $1.065

Target 2: $1.078

Target 3: $1.10

Stop-Loss: $1.02 (below the recent support).

Momentum:

Short-term bullish, but monitor trading volumes and RSI for signs of exhaustion. Keep an eye on macro DeFi trends for larger directional insights.

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