$ENA /USDT: ENA Gains Momentum with Over 6% Increase

ENA is trading at $0.9584, up +6.64% over the last 24 hours. The DeFi token shows bullish momentum, supported by increasing trading volumes and a positive price trend.

Key Metrics

24h High: $0.9890

24h Low: $0.8523

24h Volume (ENA): 219.40M ENA

24h Volume (USDT): $203.80M

Technical Levels

Resistance Levels: $0.9890, $1.0008

Support Levels: $0.9148, $0.8523, $0.8290

Market Analysis

Upside Potential: A break above $0.9890 could position ENA toward testing the psychological barrier of $1.0008, signaling stronger bullish momentum.

Downside Risk: A pullback below $0.9148 might expose the token to further corrections, potentially revisiting $0.8523 or $0.8290.

Trading Strategy

For Buyers: Look to enter positions near $0.9148, with targets set at $0.9890 and $1.0008. Use a stop-loss below $0.9148 to manage risk.

For Sellers: Consider shorting near $0.9890, with stops above $1.0008 and profit targets around $0.9148 or $0.8523.

Sentiment Overview

The 6.64% increase highlights growing optimism around ENA's potential, driven by strong trading volume. Traders should monitor price action closely for breakouts or reversals, as volume fluctuations may influence volatility.

#ENAonFire #ENAUSDT🚨 #BTC100K! #CryptoHistoricMoment #CryptoMarketHype