🚀 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! 🚀💰

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