#CryptoTrading.

📊Technical analysis (1 hour) $ENA /USDT

1. Price and candlestick analysis

• Current price: 0.7937 USDT, hourly gain +7.45%.

• The price broke the upper limit of the Bollinger Bands (0.7773), which signals a strong upward momentum, but also increases the risk of short-term overbought conditions.

• Previous local maximum 0.7996 — now the price is close to it, a retest is possible.

2. Bollinger Bands indicators

• The bands are expanding — the market is entering a phase of increased volatility.

• A strong deviation from the average (MB: 0.7500) indicates an active trend movement.

3. MACD

• The DIF line (0.0136) is above the DEA (0.0122) — a bullish crossover is forming.

• The MACD histogram is moving into the positive zone, confirming the beginning of the momentum.

4. StochRSI

• The values of 26.49 and 17.17 are an exit from the oversold zone, which often signals the beginning of growth.

• There is potential for continued upward movement until we reach the levels of 70–80.

5. Trading volume

• Volumes have increased over the last hour, confirming that the momentum is supported by buyers.

• Open Interest (O.I.) — 566M, growing, indicating active opening of new positions.

6. Key levels

• Resistance: 0.7996 → 0.8079 (possible growth slowdown).

• Support: 0.7658 → 0.7500 (MB Bollinger) → 0.7227 (lower BB limit).

⚠️Conclusion

• The short-term bullish trend is a breakdown of important levels and confirmation by volumes.

• But the price is already in the overbought zone according to Bollinger, so a short pullback is possible before continuing growth.

• If consolidation above 0.8000 occurs on volumes, we can expect a move to 0.82–0.83.

• If there is a pullback, the zone 0.765–0.750 will become key to testing the strength of buyers.