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🚀 $ENA/USDT: Consolidation or Breakout Incoming?

$ENA is currently trading at $0.4544, reflecting a 5.72% gain over the last 24 hours. The price tested a 24H high of $0.4710 before retracing, finding support near $0.4017. With strong trading volume of 262.43M ENA, the market is actively seeking direction.

🔍 Key Support & Resistance Levels:
🔹 Support: $0.4500 - $0.4510 – Holding above this range could build momentum for another push.
🔹 Resistance: $0.4600 - $0.4710 – A break above this zone could signal a bullish continuation.

📌 Entry & Trading Strategy:
📈 Bullish Case: If $ENA breaks and closes above $0.4600, it could trigger a move toward the $0.4700+ zone. Confirmation with strong volume could fuel further upside.
📉 Bearish Scenario: If support at $0.4500 fails, expect a potential drop to the $0.4400 level before buyers step in again.
📌 Stop-Loss: Consider placing stops below $0.4480 to minimize downside risk.

💡 Market Sentiment:
The current price action suggests range-bound trading with potential breakouts on either side. Keep an eye on volume and key levels for the next move! 🚀


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