šŸšØ $ENA /USDT Drops to Key Support Zone ā€“ Rebound or Breakdown Ahead? šŸšØ

ENA
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+2.53%

$ENA is currently trading at $0.7838, down significantly today and nearing its 24-hour low of $0.7789. With an RSI of 23.86, the market signals oversold conditions, hinting at a potential bounce.

šŸ” Key Levels to Watch:

Resistance 1: $0.8200 ā€“ Immediate hurdle for recovery.

Resistance 2: $0.8600 ā€“ Strong breakout zone.

Support: $0.7700 ā€“ Critical level to hold; a breakdown could lead to further losses.

šŸŽÆ Potential Trade Targets:

1. $0.8200 ā€“ Short-term recovery level.

2. $0.8600 ā€“ Key breakout target.

3. $0.9000 ā€“ Long-term extension for bullish momentum.

āš ļø Trade Insight:

Oversold RSI suggests potential for a reversal, but price must reclaim $0.8200 to confirm upward momentum. If $0.7700 fails, watch for declines toward $0.7500. Monitor volume for signs of a breakout or further weakness.

#ENA #DollarRally110