📸 Snapshot Reference: (Attached above)
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📍 Current Market Overview
As of the latest update, $ENA /USDT is trading at $0.7231, showing a -10.07% dip in the past 24 hours. The recent decline follows an impressive rally where ENA touched a local high of $0.8558 before facing selling pressure.
• 24h High: $0.8041
• 24h Low: $0.6762
• 24h Volume: 2.18B ENA (~$1.63B USDT)
• Market Sentiment: Neutral-to-Bearish for the short term, but bullish structure intact in the larger time frame.
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📈 Technical Analysis
1. Moving Averages (MA)
• MA(7): $0.7548 – Price is trading slightly below, indicating short-term weakness.
• MA(25): $0.6250 – Still above mid-term support, showing the uptrend’s foundation is strong.
• MA(99): $0.4037 – Long-term bullish confirmation.
2. Trend Structure
• ENA has maintained a parabolic upward trend since breaking out from $0.2488 in early July.
• The pullback from $0.8558 appears to be a healthy retracement, potentially setting up for the next leg up.
3. Support & Resistance Levels
• Immediate Support: $0.6762 – A daily close below could invite more selling.
• Major Support: $0.6191 – Strong buy zone historically.
• Immediate Resistance: $0.7550 – Needs to break to regain bullish momentum.
• Major Resistance: $0.8558 – A breakout above could open the path to $1.00 psychological level.
4. Volume & Market Participation
• Strong volumes in July and early August signaled heavy accumulation.
• The current drop in volume during the pullback hints at profit booking rather than trend reversal.
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🔮 Future Predictions for $ENA Coin
Short Term (Next 1–2 Weeks)
📊 If ENA maintains above $0.676, expect consolidation between $0.68–$0.76 before another breakout attempt.
⚠️ A close below $0.676 could test $0.62 support.
Medium Term (August–September)
🚀 Bullish scenario: Break above $0.8558 could send ENA toward $1.00–$1.12.
🐻 Bearish scenario: Failure to reclaim $0.75 may result in a drift back to $0.62–$0.58 zone.
Long Term (Q4 2025)
🌐 With increasing adoption and volume strength, ENA has the potential to challenge $1.50–$1.80 zones, provided the overall crypto market maintains bullish sentiment.
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📌 Final Thoughts
$ENA Coin’s recent pullback is part of a healthy market cycle after a strong rally. The bullish structure is still valid unless key supports break. The next few trading days will be critical to determine if the bulls can reclaim dominance.
💡 Tip: Watch for strong buying volume near $0.68–$0.70 for early signs of a reversal.