#CryptoTrading. #Signal🚥.

📊Technical Analysis (1 hour) $ENA / USDT

1. Price and Trend: Current price is 0.5086 USD with a decline of 7.00%. The chart shows a downtrend after a local high near 0.5918. The 5 and 10 period moving averages (MA) (109.886 and 116.768) indicate a decrease in momentum.

2. Bollinger Bands (20, 2): Price is approaching the lower limit (0.4829), which may signal oversold conditions. A break of the lower limit may indicate a further decline.

3. Volume: There is a significant increase in volume (55,041,033) during the recent decline, confirming the strength of the bearish movement.

4. MACD: Differential (DIF) and signal line (DEA) show negative divergence (DIF: 0.0001, DEA: -0.0005, MACD: 0.0007), which supports the bearish trend, although the difference is small.

5. Stochastic RSI: The index (25.8852) and its average (26.6688) are in the oversold zone (<30), which may signal a possible upward rebound.

6. OI (Open Interest): The increase in open interest volume (422M) along with the price drop may indicate the accumulation of short positions.

⚠️Conclusion: The bearish trend is currently dominant with signs of oversold. A temporary rebound is possible, but without strong volume or a positive MACD crossover, this may be a correction. It is recommended to monitor the level of 0.4829 (lower Bollinger Band) for confirmation of further movement.