ENA Token Targets $1.25 to $1.30 Range Amid Market Recovery
The ENA cryptocurrency is recovering after a period of corrections, currently trading at $0.9896, up 1.79% in the past 24 hours. ENA may soon test resistance between $1.25 and $1.30. In a more optimistic scenario, it could aim for $1.50.
Performance Highlights
ENA has shown strong growth:
7-Day Gain: 10.25%
30-Day Growth: 74.23%
90-Day Surge: 364.93%
Following the liquidation of highly leveraged positions, ENA now trades in a healthier market environment.
Key Technical Indicators
1. Stochastic RSI: Rising momentum, with values at 71.61 (K) and 45.18 (D).
2. MACD: Nearing a bullish crossover.
3. RSI: At 53.72, reflecting steady buying pressure.
Fibonacci retracement suggests the token may test $1.0851 before targeting higher levels.
Why Investors Are Watching
Strong Support: $0.8542.
Balanced Sentiment: 50.20% bullish trades.
Liquidity: $229.57M in 24-hour trading volume.
Final Thoughts
ENA’s recovery and technical setup position it for potential growth. While $1.25 to $1.30 seems achievable, $1.50 will require stronger momentum. For new investors, this is a token to watch closely.