Based on the data you've shared for $ENA /USDT, hereโs a concise technical analysis overview:
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๐ Current Price: $0.5884
โผ Change: -2.55%
Rs equivalent: Rs166.75
24h High/Low: $0.6411 / $0.5818
Volume ($ENA ): 342.87M
Volume (USDT): 209.99M
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๐ง Technical Indicators
Indicator Value Interpretation
MA(7) 0.5931 Bearish short-term
MA(25) 0.6072 Bearish medium-term
MA(99) 0.5788 Bullish long-term support zone
Current Price vs MA(99) Above by ~1.7% Support holding near $0.578
MACD Not visible in detail But likely showing weakening momentum
Recent Low $0.5690 Near-term support zone
Recent High $0.6441 Resistance zone
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๐ Trend Summary
Short-term trend: Slightly bearish
Medium-term trend: Downtrend, as MA(25) > price
Long-term trend: Still positive (135.74% gain in 30 days, 122.63% in 90 days)
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๐ Key Levels
Support: $0.5788 (MA99), $0.5690 (recent low)
Resistance: $0.6072 (MA25), $0.6411 (24h high), $0.6441 (recent high)
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๐งญ Conclusion & Strategy
If you're trading short-term: Wait for confirmation above MA(25) ($0.6072) for a bullish signal.
If you're buying dips: $0.578 - $0.569 could be a good accumulation zone (tight stop loss recommended).
Watch volume: The recent drop with lower volume suggests weak selling pressure, possibly consolidation.
