$ENA – Bullish Momentum and Key Trade Levels
Current Price: $0.4366 (+15.20%)
24H High/Low: $0.4595 / $0.3524
Volume: 535.90M ENA
Technical Overview:
• Trend: Strong uptrend with a recent pullback.
• Moving Averages:
• MA(7) at $0.4389 (short-term trend support).
• MA(25) at $0.4035 (medium-term support).
• MA(99) at $0.3787 (long-term support).
• Resistance Levels:
• $0.4595 (recent high).
• $0.4653 (next breakout target).
• Support Levels:
• $0.4146 (local support).
• $0.4035 (MA-25, stronger support).
Trade Setup:
1. Bullish Scenario:
• If ENA breaks $0.4595 with strong volume, expect a rally towards $0.4653 - $0.48.
• Ideal entry: Breakout above $0.4600 with confirmation.
• Stop-loss: $0.4380 to manage risk.
2. Bearish Scenario:
• If price loses $0.4146, a pullback to MA(25) at $0.4035 is likely.
• Short if breakdown below $0.4146, targeting $0.39.
Conclusion:
ENA is in an uptrend but facing resistance at $0.4595. Watch for a breakout or rejection to plan your trade accordingly.
