ENAالىا

Technical Analysis of $ENA – As of May 2, 2025

The $ENA coin is currently trading at $0.323, with a daily increase of 1.87%. The coin is experiencing relative stability after dropping from levels of $0.39, and is now attempting to hold above support at $0.32.

Technical Levels:

Current Support: $0.320 – $0.300

First Resistance: $0.350

Second Resistance: $0.390

Technical Indicators:

The RSI indicator is moving in a neutral zone (around 50), indicating a balance between buying and selling.

The MACD indicator shows a slight positive crossover, but it needs confirmation.

The price is moving horizontally below the 50-day moving average, reflecting market indecision.

Bullish Scenario:
Holding above $0.32 with an improvement in trading volume may push the price to test $0.35, then $0.39 as strong resistance.

Bearish Scenario:
Breaking below $0.30 could bring the price back to $0.28 or lower, so caution is advised when breaking support.

Overview:
The $ENA coin is in a consolidation phase and needs strong catalysts to confirm its direction. Traders are advised to closely monitor support and resistance levels and accurately identify entry points.

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