š$ENA ENA/USDT Market Update
Current Price: $1.1552 (-7.47%)
24H High: $1.2522
24H Low: $1.1405
Volume (24H): 112.15M ENA
š Technical Analysis:
Moving Averages:
7-Day MA: $1.1647 (indicates short-term bearish pressure).
25-Day MA: $1.1971 (near-term resistance).
99-Day MA: $1.2006 (long-term bearish bias).
Price Movement: ENA has seen a significant drop from its peak of $1.3019, approaching the intraday low of $1.1405. A slight rebound is evident, but selling pressure remains dominant.
š Key Levels to Watch:
Resistance: $1.1719 ā Clearing this could lead to recovery toward $1.2000.
Support: $1.1400 ā A break below may lead to further declines toward $1.1000.
š Trading Insights:
For Bulls: Look for volume-backed buying near $1.1400 with a target of $1.2000.
For Bears: Watch for a breakdown below $1.1400 to confirm further downside momentum.
Stay cautious as volatility persists. Trade wisely and manage risk effectively.