🚀 ENA/USDC Breaks Key Moving Averages! Could This Be the Start of a New Uptrend? 🔥
The ENA/USDC pair has just broken important moving averages on the 4H chart, including the 50 MMA and the 8-week MMA, signaling a possible start of recovery. Additionally, on the daily chart, the price closed above the 200 MMA, an important milestone for the long-term trend!
📊 Technical Analysis:
✅ Close above the 200 MMA (daily) – Potential trend change.
✅ Broke the 50 MMA and the 8-week MMA (4H) – Sign of buying strength.
⚠️ Critical resistance zone: $0.785 - $0.80 – Needs to be broken to confirm the uptrend.
📉 Important supports: $0.752 and $0.7277 in case of rejection.
📈 Next Targets:
🔹 If it breaks $0.785 with volume: $0.805 ➝ $0.869 ➝ $0.91
🔻 If it rejects: It could test $0.752 and even $0.7277.
🔮 Probabilities:
📊 65% continuation of the bullish trend if it breaks $0.785 with strength.
📊 60% downside if it rejects and breaks below the averages again.
🎯 Now, all eyes are on the price action in the next 24-48h!
📢 What do you think? Will it break or get rejected? Comment below! ⬇️🔥#ENA#Crypto#Trading#Binance