Technical Analysis ($ENS

USDT

Current Price: $44.60

24h Price Change: +6.49%

Trend: The price is currently showing an upward momentum, driven by a 6.49% increase over the past 24 hours. The price recently reached a high of $44.79 and a low of $40.55.

Support & Resistance:

Support: $42.81 (recent low, potential entry point)

Resistance: $44.79 (previous high, near current price)

Momentum Indicators:

RSI (Relative Strength Index): Could indicate if the asset is overbought or oversold. RSI near 70 would indicate overbought conditions, while near 30 would suggest oversold.

MACD: Watch for any crossover for further confirmation of trends.

Volume: 1.25M ENS traded, indicating strong trading interest in this pair.

Trade Signal

Current Sentiment: Bullish (Upward momentum)

Buy Signal: Enter at $42.81 (if price retests this support)

Sell Signal: Target price levels as follows:

Target Levels:

1st Target (T1): $45.50

2nd Target (T2): $47.00

3rd Target (T3): $48.50

Trade Momentum: Given the recent upward trend, traders should focus on a buy entry at the support level around $42.81, with targets at $45.50, $47.00, and $48.50. Momentum is strong, but caution is needed if the RSI reaches overbought levels (above 70).

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