Based on the current indicators: The price is trading below both MA7 and MA25, suggesting a bearish trend. The MACD is also negative, supporting the bearish sentiment.
However, increased volume could indicate potential volatility and a possible reversal if buying interest increases.
Short-term Prediction: Given the bearish signals from the moving averages and MACD, the price might continue to trend downwards in the short term. However, if the volume continues to increase and the price crosses above the MA7, it could signal a potential reversal.
For a more precise prediction, consider monitoring live data and additional technical indicators.
$GALA do not expect this coin will surge during altcoin season. There is always happening around gala coin, how many times gala games was hacked? I lost count. No trust to this coin. If you want to find something less risky , stay away of this gaming platform.
$ENA 1d chart looks bullish , do not hurry , because of low volume and RSI ~70. Wait for a confirmation before opening a position. While short term looks indecisive, I believe in a long distance we'll be rewarded for sure.
$BTC dominance is going down, that's a good sing for all #altcoins and especially for $ENA I believe in. Does $ENA have a change to break $1? First we need to have a confirmation above $0.945 A slow but steady increase in price is a good sign that it will go above $1.
$BTC don't rely on support and resistance levels today, there are fictional once there is no volume in crypto market. Bitcoin goes up and down to grab liquidity and liquidate lots of positions
$PEOPLE Looking at 1day chart, most likely it'll touch $0.036 one again. As you can see after a sudden green spikes of volume , as always a huge drop this token below $0.04 But no crazy leverages . And keep your stop losses tight.
$ENA if the situation will remain stable . No volume and no crypto market upside movement. Most likely it'll touch $0.65 again. But no crazy leverages Stop Loss 0.84
Despite $BTC going up, it doesn't mean $ENA will follow. There are two reasons:
$BTC dominance is still high. Someone says #Altcoinseason2024 is near, but don't fool yourself. For a positive scenario, BTC.D should be below 45%.
There is no sign of a bullish trend for $ENA . Due to its weakness, this coin is struggling between $0.65 and $0.80. Only confident green spikes in volume and maintaining above $0.85 could give us a positive scenario.
Avoid unclear trades and keep your pockets tight. Patience is the key.
$APE Due to its weakness, this token cannot even break $1.30. Let's be honest, the altcoin season many people are waiting for will not be profitable that much for this token. Most likely, it will touch $2.40 once again but no crazy jumps up to $5. The reasons are obvious to those who have been watching this token from the very beginning.
$ENA most likely due of weakness it'll touch 0.8 and fall again right to 0.65 to retest support level again. The next support level is 0.5. Gerenally speaking I do not recommend to open any position while the volume is low.
Watching the underperformance of this coin, I see it want to dump even more, right to $0.8-$0.79, to grab liquidity before jumping to the upside. Currently, I see no volume right now due to the lack of interest of investors. But the question remains: "Is the market about to crash?"
As I said before, I am not opening any trades for now, just slowly accumulating some Ethena.
$APE thinking about this token, I honestly have no idea what is gonna pump it. One more celebrity collaboration? One more stupid staking program with a huge APY, which caused an insane dump? Pointless metaverse event with invited streamers?..haha. There are no significant changes during the last year and a half . What's next? I would like to listen your opinion guys, especially those who believe in this token.
$SAGA this coin is searching for a bottom, nobody knows where is that exactly , but I expect to see spike of volume as a hint. Too risky to trade it right now, while it follows the entire market trend. But if you do, keep your stop losses tight .
$ENA there is no volume as we all expected, that means it follows the entire market trend. It's the worst time to trade, but a good opportunity to accumulate some ethena coins. Right now everything is up to $BTC .
$ENA Currently, as we can see, there is a lack of volume, which means this coin is struggling to move upwards swiftly. I would recommend waiting for confirmation. Let this hang above $0.92 for a while.
$ENA 1. the best bullish scenario I see, if it's not gonna drop below $0.91, maintaining a good support level with upside movement to retest $1 resistance level. 2. positive scenario if it will touch $0.85 with a bounce upside 3. The only significant market crisis can drop this coin below the strongest support level $0.8.