🚀 $ENA /USDT Technical Analysis: Will the Bulls Take Charge? 🎯

BTC
Created with Highcharts 9.1.1
0.4558
+11.27%

Current Price: $0.6696 (-9.82%)

24h Range: $0.6520 - $0.7715

The ENA/USDT pair is trading near its 24h low ($0.6520), showing signs of bearish pressure. However, oversold indicators hint at a possible recovery. Here's a detailed trade setup to capitalize on the next move.

Key Levels to Watch

Resistance Zones:

$0.7000 – First hurdle to clear for bullish momentum.

$0.7300 – A breakout zone to aim for.

$0.7715 – Strong resistance and 24h high.

Support Levels:

$0.6520 – Immediate support zone.

$0.6300 – If breakdown occurs, this is the next target.

$0.6000 – Critical support level.

Indicators Analysis

RSI (14): At 28, signaling oversold conditions and potential for a reversal.

MACD: Bearish crossover but flattening, suggesting weakening bearish momentum.

EMA (20 & 50): Price is below both EMAs, maintaining a bearish structure.

Trade Signal 🎯

Trade Setup:

Entry Point: $0.6700 (Confirmation above this level required for bullish setup)

Targets:

🎯 Target 1: $0.7000 – Initial recovery level.

🎯 Target 2: $0.7300 – Breakout zone to aim for.

🎯 Target 3: $0.7715 – Full recovery target.

Stop-Loss: $0.6450 (To minimize risk below the recent low).

Trade Momentum

Short-Term: Bearish, with strong selling pressure near $0.6520.

Mid-Term: Neutral to Bullish, if the price stabilizes and breaks $0.7000 resistance.

📌 Pro Tip: Monitor trading volume closely for confirmation. High-risk traders can short below $0.6520 with a target of $0.6300, while cautious traders should wait for a confirmed breakout above $0.6700.

#DeepSeekImpact #MicroStrategyAcquiresBTC #JUPBuybacks #USTaxExemptionPlan #USConsumerConfidence