Letโ€™s analyze your ENA/USDT perpetual futures chart (1-hour timeframe) carefully step by step ๐Ÿ‘‡

$ENA ๐Ÿงญ 1. Current Market Overview

Current Price: 0.5161

24h High: 0.5699

24h Low: 0.5101

Price Change: -5.89% (Bearish pressure)

RSI(6): 18.9 โ†’ Extremely Oversold

The RSI being under 20 is a strong signal that the price is heavily oversold and may be near a short-term reversal or bounce zone.

---

๐Ÿ“‰ 2. Support and Resistance Levels

Immediate Supports:

1. 0.5100 โ€“ 0.5110 โ†’ This is the 24h low and the most recent candle wick bottom.

โžœ Strong short-term support zone.

2. 0.5000 (Psychological Support) โ†’ If 0.51 breaks, the next round number (0.50) becomes important.

Immediate Resistances:

1. 0.5300 โ€“ 0.5350 โ†’ Previous minor consolidation before the big drop.

2. 0.5500 โ†’ Marked as โ€œTP Marketโ€ in your chart (previous support turned resistance).

3. 0.5699 (24h High) โ†’ The top of the recent range.