$ENA
Based on the provided trading data for ENA/USDT, here are the key **support and resistance levels** derived from technical indicators and price structure:
### Key Support Levels (Demand Zones)
1. **0.7711**
- *24-hour low* - Strong immediate support where buyers previously stepped in.
2. **0.7656**
- Near the 24h low and aligns with the third value in the MA list (likely a swing low or Bollinger Band support).
3. **0.7490**
- Significant level from the MA list, reinforced by the 99-period MA at **0.7442** (long-term dynamic support).
4. **0.7120**
- Critical long-term floor (lowest value in the MA list).
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### Key Resistance Levels (Supply Zones)
1. **0.8002–0.8022**
- Confluence of **MA(7) = 0.8002** and **MA(25) = 0.8022** - Dynamic resistance where selling pressure intensifies.
2. **0.8230**
- Mid-range resistance from the MA list (aligns with recent price rejections).
3. **0.8336**
- *24-hour high* - Strong psychological barrier.
4. **0.8555**
- Highest level in the MA list (major swing high resistance).
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### Technical Context:
- **Current Price**: $0.7895 (below the critical MA resistance at 0.8002–0.8022).
- **Momentum**: Bearish short-term (-4.76% today, -0.98% intraday).
- **Volume**: Declining (2M ENA vs. 5-day avg of 8.9M), indicating weak conviction.
- **Key Indicator**: Price trading **below MA(7)** and **MA(25)** confirms bearish near-term bias.
### Actionable Insight:
- A break **above 0.8022** could signal reversal toward 0.8230/0.8336.
- Failure to hold **0.7711** may trigger a drop to **0.7490/0.7442**.
Use these levels to set stop-losses or entry/exit targets. Always confirm with real-time charts. 📉🔍