$ENA | Critical Support Test and Expected Upswing Opportunity 🔥🚀
Will the price hold its double bottom or break down? The challenge now is at 0.75 USDT!
- Strong support area: 0.68 - 0.70 USDT
The price tested it twice (double bottom) and rebounded, confirming its strength in the short term.
- Current price: ~0.727 USDT
The price has started to consolidate upward after holding on to support, reflecting increasing demand.
- Important resistance levels:
- 0.75 - 0.76 USDT: Immediate resistance; breaking it could boost momentum.
- 0.80 USDT: Major resistance and previous high.
- Risks:
- A critical break below 0.68 USDT could invalidate the double bottom and lead to a drop towards 0.62 - 0.64 USDT.
- Summary:
The current area looks like a potential accumulation, and breaking and holding above 0.75 USDT is a confirmation of upward momentum. Without that, the price may continue to fluctuate between 0.68 and 0.75.
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