ENA Price Analysis: Bulls Build Momentum Toward Potential Breakout
ENA is showing renewed bullish energy on the daily chart as short-term moving averages tighten and momentum indicators begin to turn positive. The token has been climbing steadily toward the $0.50 region, where strong resistance is forming. A decisive breakout above this level could pave the way toward $0.53 and $0.56, while a push beyond $0.60 may signal a larger rally ahead.
Technical momentum has improved with the 9-day EMA approaching the 20-day EMA, hinting at a potential bullish crossover. The MACD histogram continues to expand in the green, suggesting that buying pressure is strengthening. Meanwhile, the RSI has risen into neutral territory, indicating room for further upside before entering overbought conditions.
Order book data supports the bullish case, showing a significant bid wall at $0.497, which could stabilize price action in the near term. Clearing the ask walls at $0.53 and $0.56 could accelerate momentum toward higher resistance zones.
For traders, a confirmed breakout and close above $0.502 may offer a potential long entry opportunity targeting $0.56 and $0.60, while failure to hold above $0.47 could lead to a retest of lower supports around $0.44.
