$ENA Tug of War Near $0.51: Will Bulls Break Free or Bears Strike Back?
ENA is trading at $0.5069, down 5.82% on the day. After a sharp bounce from the $0.48 range, the price is now consolidating just under key resistance. With rising volume and tight candle formations, this zone is heating up for a potential breakout or rejection.
Key Levels to Watch
• Resistance Zone: $0.5100 – $0.5200
A confirmed move above this could open the door to:
• Target 1: $0.5300
• Target 2: $0.5550 (24h High)
• Support Zone: $0.5020 – $0.4900
If this zone fails, watch for a drop toward:
• Target 1: $0.4750
• Target 2: $0.4670 (24h Low)
Trade Setup
• Bullish Entry: Break and hold above $0.5200 with strong volume
• Target 1: $0.5300
• Target 2: $0.5550
• Bearish Entry: Breakdown below $0.4900
• Target 1: $0.4750
• Target 2: $0.4670
ENA is sitting at a make-or-break level. A surge in buying could fuel a quick push above resistance, but failure to hold support might trigger a fast sell-off. Stay alert and trade the breakout or breakdown!