📊 Updated Technical Analysis for $ENA
🔹 Current Price: $0.7056
• 24H High: $0.7461
• 24H Low: $0.6518
• Key Resistance Levels:
• $0.709 - $0.715 (Immediate resistance)
• $0.730 - $0.750 (Major resistance zone)
• Key Support Levels:
• $0.700 - $0.705 (Short-term support)
• $0.685 - $0.690 (Critical support)
• $0.668 - $0.675 (Breakdown level)
📈 Indicators & Market Sentiment
1️⃣ Moving Averages (Bullish)
• MA(7): $0.700 (Price above it → Bullish)
• MA(25): $0.684 (Price above it → Bullish)
• MA(99): $0.699 (Just broke above → Bullish confirmation)
✅ Since the price is above MA(99), this confirms a bullish breakout if it holds above $0.700.
2️⃣ RSI (Overbought, Caution for Pullback)
• RSI(6): 83.009 (Overbought)
• RSI(12): 74.141 (Overbought)
• RSI(24): 61.265 (Still room for upside)
🚨 High RSI levels indicate possible short-term pullback before another push higher.
3️⃣ MACD (Bullish Momentum)
• DIF: 0.008
• DEA: 0.005
• MACD: 0.003
✅ MACD is still positive, supporting further upside, but momentum may slow if RSI stays high.
📌 Updated Trade Setup Based on $0.7056
1️⃣ Long Trade (Bullish Scenario)
• Entry: $0.705 - $0.710 (Confirming support)
• Take Profit (TP):
• TP1: $0.730
• TP2: $0.750
• Stop Loss (SL): $0.695
2️⃣ Short Trade (Bearish Scenario)
• Entry: $0.705 - $0.710 (If price struggles to break higher)
• Take Profit (TP):
• TP1: $0.690
• TP2: $0.675
• Stop Loss (SL): $0.715
3️⃣ Safer Entry (Wait for Retest)
• Wait for a pullback to $0.690 - $0.695, then enter long.
• SL: $0.680
• TP: $0.715 - $0.730
📉 Can It Drop Below $0.58?
🚨 Unlikely unless:
1. BTC dumps or overall market crashes.
2. ENA breaks below $0.675 support.
📢 Right now, $0.675 is the key level to watch for breakdown risk.
