$ENA /USDT Technical Analysis: Pullback Within Uptrend — Key Support Still Intact
ENA is trading at $0.5822 (-3.21%), pulling back from the 24h high of $0.6084, but still showing strength in its overall structure. Despite the dip, volume remains solid (USDT 158.40M), suggesting active market participation and ongoing interest.
Moving Averages:
MA(7): $0.5758 → currently acting as dynamic support
MA(25): $0.5119 → bullish trend above this
MA(99): $0.3674 → long-term trend remains strongly positive
Support Levels:
Immediate: $0.5758 (MA7), then $0.5655 (24h low)
Stronger: $0.5137 (mid support), then major support at $0.4087
Resistance Zones:
$0.6084 – intraday high
$0.6188 – next technical resistance
$0.7000–0.7239 – extension zone if breakout continues
Indicators Outlook (Implied):
MACD: Bullish but slowing – watch for potential crossover
RSI: Likely mid-range, showing consolidation rather than oversold
Bollinger Bands: Probably tightening → breakout brewing?
Bias: Bullish overall, but short-term correction is underway
As long as price holds above $0.565, trend remains intact
A close above $0.608 would signal continuation toward $0.70+
Verdict:
Healthy pullback within a broader uptrend. Key zone to hold is $0.565–0.575. Traders should monitor for a bullish bounce above MA(7) or wait for confirmation above $0.61 before re-entering long.
