šŸ“Š ENA/USDT Chart Analysis and prediction šŸš€

šŸ”„ Current Price: $0.4026 (+18.17%)

šŸš€ Recent High: $0.4224

ENA/USDT is on a strong upward trajectory, reflecting a notable 18% increase in the last 24 hours! The current momentum is driving prices towards a test of the $0.42 resistance, a key level for traders.

āœØ Key Indicators:

ā€¢ Bollinger Bands (yellow line): Price is pushing against the upper band, signaling strong bullish momentum. The bands are expanding, suggesting higher volatility ahead.

ā€¢ RSI: The RSI (6) is at 93.89, which places the asset in extreme overbought territory. This could suggest a short-term pullback, but the overall strength of the trend is undeniable. The RSI (12 & 24) are also elevated, reflecting persistent buying pressure.

ā€¢ Support Level: Previous support around $0.35 is solid, offering a safety cushion if the price corrects.

šŸ“… Prediction:

With the current bullish momentum, the next major target for ENA is $0.43. However, due to the high RSI, some cooling-off or consolidation around $0.40 may occur before another upward move.

āš ļø Note: Traders should keep an eye on the RSI for potential exhaustion in the buying pressure, but overall, the trend remains bullish.

šŸ“Œ Next Levels:

ā€¢ Resistance: $0.43

ā€¢ Support: $0.35

šŸŒŸ Strong Bullish Momentum, but beware of a potential short-term retracement!

$ENA

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