ENA Ready to Rocket to the Moon: It's Time to Hold On Tight!
After a long correction from its peak at $1.3264, ENA/USDC now shows signs of healthy consolidation in the strong support area around $0.31. Selling pressure is starting to ease, while daily trading volume reaches 40 million ENA, indicating continued market interest in this project.
The RSI(7) is approaching the oversold area at 36, signaling potential reversal. Meanwhile, the MACD indicator shows a slowdown in negative momentum and a potential bullish crossover on the horizon. Additionally, the current price is starting to move closer to the middle band of the Bollinger Bands—a sign that the sideways phase may soon come to an end.
With capitalization starting to stabilize and technical signals indicating accumulation, ENA could bounce back strongly and resume its pursuit of previous resistance levels. Prepare your strategy, because when this "rocket" takes off, we won't see this price again.
DYOR
