$ENA Shows Strong Rebound — Can Bulls Extend the Momentum?
ENA/USDT is currently trading at $0.4290, up +16.39% in the last 24 hours. After bottoming near $0.3595, the price has surged sharply, signaling renewed bullish momentum and aggressive dip buying. The move indicates a potential short-term trend reversal, but key resistance levels now stand between the current price and a sustained breakout.
Key Technical Levels to Watch
Resistance Zones:
• $0.4350 – $0.4400: Immediate resistance area where sellers have been active. A clear break above could target higher levels.
• $0.4500 – $0.4550: Major resistance zone from previous highs. A breakout above this range could extend gains toward $0.4700 and beyond.
Support Zones:
• $0.4200: Immediate short-term support. Holding above this level would confirm buyer control.
• $0.4000 – $0.3900: Key structural support; losing this zone could lead to renewed downside pressure toward $0.3750.
Trade Setup – Potential Scenarios
Bullish Scenario:
• A confirmed move above $0.4400 could strengthen the uptrend.
Targets:
• TP1: $0.4500
• TP2: $0.4700
Stop-Loss: Below $0.4200 to minimize risk during potential pullbacks.
Bearish Scenario:
• Failure to hold $0.4200 could trigger a retracement.
Targets:
• TP1: $0.4000
• TP2: $0.3850
Stop-Loss: Above $0.4400 to avoid whipsaws.
Final Outlook
ENA/USDT has staged an impressive recovery, gaining over 16% in a single day. Maintaining strength above $0.4200 will be key for confirming bullish control.