🚀 ENA/USDT Technical Analysis 🚀
📊 Current Price: $0.4419 (+16.35%)
📈 Resistance Level: ~$0.5081
📉 Support Levels: ~$0.3902, ~$0.3370
🔹 Chart Patterns & Key Observations:
✅ Price tested the upper resistance but failed to break through.
✅ Formation of a potential head & shoulders pattern, indicating possible retracement.
✅ Volume spike suggests strong interest, but watch for confirmation.
✅ MA(7), MA(25), and MA(99) suggest mixed momentum—trend direction still uncertain.
⚠️ Possible Scenarios:
1️⃣ If resistance at $0.5081 is broken, we could see a bullish rally.
2️⃣ If price fails to hold above support, a drop toward $0.3370 is possible.
📌 Trading Strategy:
🔸 Bullish Case: Wait for a breakout with volume confirmation above $0.5081.
🔸 Bearish Case: A rejection and drop below support could signal a short opportunity.
🔍 DYOR & Trade Wisely! 🚀💰