Analysis of currency $ENA today
ENA/USDT is currently trading at $0.7766 with a 2.5% increase and upward momentum, and a high trading volume of 2.11 billion units. The price range is wide between $0.7169 and $0.8103. The MACD indicator suggests the beginning of an upward trend. The 60-period moving average at $0.7839 represents a key resistance level, and support at $0.73 is important to maintain the upward trend.
Tips
Monitor the break of resistance at $0.7839 to confirm the upward trend.
Use a stop loss at $0.73 to reduce risks.
Do not risk more than 2-3% of your capital on the trade.
Watch trading volume to support price movement.
Be prepared for any sudden market fluctuations.
Notes
The price is still below the 60-period moving average, indicating the possibility of continued selling pressure.
Increased trading volume reinforces the strength of the current movement.
Make sure to follow news and developments that may affect the market.
