concise technical analysis and trade signal for $ENA

/USDT:

Technical Analysis:

Current Price: $1.02

Price Trend: The price has risen by +14.66% over the last 24 hours, indicating a positive momentum.

Support Levels: $0.9865 and $0.9550 (recent lows) act as support.

Resistance Levels: $1.0451 and $1.0494 (recent highs) act as resistance.

Indicators:

EMA (Exponential Moving Average): Positive momentum with a bullish crossover.

MACD: Bullish, with the MACD line above the signal line.

Bollinger Bands: Price is near the upper band, suggesting potential for further upside.

RSI (Relative Strength Index): Neutral, indicating there’s room for further upward movement without being overbought.

Trade Signals:

Buy Signal: If the price breaks above $1.05 (resistance), a breakout can push the price higher.

Sell Signal: If the price drops below $0.9865 (support), consider selling to minimize losses.

Hold Signal: If the price stays between $1.02 and $1.05, consider holding, as momentum remains strong.

Target Levels:

1. Target 1: $1.05 (next resistance zone)

2. Target 2: $1.08 (near 30-day high)

3. Target 3: $1.12 (higher resistance based on momentum)

Trade Momentum:

The market is currently bullish with strong momentum, making long positions favorable as long as the support levels hold.

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