$ENA This suggests a bearish short-term outlook, but the RSI indicates caution as it may be nearing a point of reversal.
🔳Current Price: $0.5320, down 8.04% from the previous value.
🔳24-Hour Range: High of $0.5859, low of $0.5110.
🔳Volume: 404.16M ENA and 217.41M USDT traded in the last 24 hours.
☑️Trend: The candlestick chart shows a recent downward trend after a peak, with several red (bearish) candles indicating selling pressure. The moving averages (yellow and purple lines) suggest a potential crossover, which could signal further decline if the shorter MA crosses below the longer MA.
🔳RSI (Relative Strength Index): At 31.1922, nearing oversold territory (below 30), which might indicate a potential reversal or continued downward momentum if selling persists.
☑️🔳Support and Resistance: The price is approaching the recent low of $0.5110, a potential support level, while $0.5859 acts as a resistance.