๐ง $ENA /USDT โ Strong DeFi Bounce, or Overbought Zone Incoming? ๐โ ๏ธ
$ENA surged +6.51% to $0.4383, reclaiming key moving averages with volume backing the move. But with RSI pushing near overboughtโcan the rally continue?
๐ Market Overview
๐ Current Price: $0.4383
๐ 24h High: $0.4469
โ๏ธ 24h Low: $0.3950
๐ธ 24h Volume (ENA): 255.97M
๐ฐ 24h Volume (USDT): $107.02M
๐ Key Indicators
๐ Moving Averages:
MA(7): $0.4314
MA(25): $0.4166
MA(99): $0.3872
๐ RSI (6): 74.69 ๐ฅ (Near Overbought)
๐ Volume: 937.26K
๐ MA(5) Vol: 13.43M | MA(10) Vol: 9.52M
๐ ENA Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (Breakout Continuation):
Entry: Clear break and hold above $0.447
Targets: $0.468, $0.49
Stop-Loss: $0.426
๐น Bearish Scenario (Pullback/Correction):
Entry: Loss of $0.429 support
Targets: $0.405, $0.387
Stop-Loss: $0.442
๐ Analysis:
โ Trading above all major MAs โ bullish alignment
๐ RSI above 70 โ strong momentum, but overbought caution
๐ Increasing volume โ confirms interest, but may cool off
๐ก Pro Tip:
Watch for volume confirmation on the next leg upโif momentum fades at $0.45, expect a pullback before continuation. Use staggered TP if you're long.
๐ฅ DeFi heating up? ENA showing strength, but donโt ignore those overbought signals.
๐ฌ Drop a comment if you're trading this DeFi mover!
๐ SHARE with your alpha group if you think ENA still has gas in the tank.