$ENA ENA/USDT Market Analysis
Current Price: $1.1478 🔻 (-8.04%)
24h Range: $1.1405 - $1.2521
24h Volume: 111.22M ENA
---
Technical Insights:
EMA (7): $1.1591 (Price below short-term EMA indicates a bearish trend).
EMA (25): $1.1887 (Medium-term resistance).
EMA (99): $1.1768 (Long-term trend remains bearish, with price trading below).
---
Observations:
1. ENA/USDT has hit a significant intraday low of $1.1405, forming a critical support level.
2. Bearish momentum is strong, with consistent rejections at EMA (7) and EMA (25).
3. Recovery potential exists above $1.1600, but sustained volume is required for a reversal.
---
Trading Strategy:
Bearish Outlook:
Entry: Below $1.1400.
Targets: $1.1200, $1.1000.
Stop Loss: $1.1550.
Bullish Recovery:
Entry: Above $1.1600.
Targets: $1.1800, $1.2000.
Stop Loss: $1.1400.
---
Note: Monitor volume closely to confirm trend direction. Failure to hold $1.1400 could lead to increased selling pressure.
