📊 $ENA /USDT — Sideways Accumulation with DeFi Activity Surge
Current Price: $0.7985 (+2.63%)
24h High / Low: $0.8432 / $0.7778
Volume:
ENA: 406.72M
USDT: 328.75M
Market Depth (Key Levels):
Resistance: 0.8606, 0.8382
Support: 0.8158, 0.7985, 0.7710
Recent Lows: $0.7486 (Aug 13, 17:00) — bounce in progress.
📈 Momentum Analysis
ENA is showing steady accumulation after bouncing from $0.7486 support. The price is testing $0.80 consolidation zone, with volume-backed moves in DeFi category hinting at potential breakout attempts. A sustained close above $0.84 could open room toward $0.86–$0.90.
🎯 Long Setup
Entry Zone: $0.790 – $0.805
Targets:
T1: $0.825
T2: $0.843 (breakout pivot)
T3: $0.865 – $0.880
Stop Loss: $0.770 (below key swing low)
✅ Breakout Confirmation Level
Bullish confirmation: Daily close above $0.843 with strong volume.
Bearish invalidation: Drop below $0.770 on high sell volume.
💡 Pro Tip: Watch the $0.8158 mid-support. If bulls defend it on retests, it could act as the springboard for the next rally.