Technical Analysis for $ENA

/USDT:

Current Price: $1.0192

Price Action: The price is currently showing a strong bullish trend with a 17.73% increase in the last 24 hours. The price is near the 24h high of $1.0291, indicating upward momentum.

Support Levels: $0.8550 (recent low), $0.9469 (a previous support zone).

Resistance Levels: $1.0291 (24h high), $1.0352 (next resistance point).

Trade Signal: Bullish (Strong upward momentum)

Trade Setup: Look for a breakout above $1.03 to confirm continuation of the bullish trend.

Entry Point: $1.02 - $1.03

Stop Loss: $0.96 (below support level)

Target Levels:

1. Target 1: $1.05

2. Target 2: $1.08

3. Target 3: $1.12

Momentum: The current price action suggests strong bullish momentum, supported by the recent volume increase and 17.73% price growth. Watch for continuation past the resistance levels to stay bullish. If the price drops below $0.96, a bearish reversal may occur.

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