01 Yesterday's Review

ENA completed a standard pullback confirmation on the hourly level, rebounding after touching the 1-hour support. This support level also coincides with the daily MA120 line, which has strong technical significance. From the candlestick pattern, yesterday closed with a small bullish candlestick with a lower shadow, indicating that the battle between bulls and bears was quite intense. The trading volume was two-thirds of the previous day, reflecting a shrinking high-level consolidation.

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02 Today's Analysis

The rebound on the hourly level is not strong, and it has not reached a new high, indicating that the upward momentum is temporarily insufficient. It is expected that in the short term, the price will dip back to test the 2-hour support level, and then try to rebound again.

The upper pressure level of the current red box remains significant, and the high-level consolidation pattern stays unchanged, with altcoins having room for catching up. Overall, it is in a short-term consolidation phase. If it subsequently stabilizes above the MA120 daily moving average, the price is expected to rise further; otherwise, it will continue to seek lower support.

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03 Key Ranges

Short-term bullish entry points: near 2-hour / 4-hour / 12-hour EMA52

Daily support levels: 91650 / 88950 / 86120 / 82880

Daily resistance levels: 96188 / 99700 / 102044

Key Judgment: If this week’s daily close is above the MA120, a push towards 100,000 is anticipated; if it fails to close above, further downward confirmation of support is needed.

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04 Today's Recommended Cryptocurrency

Focus on ENA (ENA/USDT) for short-term bullish opportunities, lightly position long orders in the support zone, betting on a rebound within the high-level consolidation range, with the stop-loss suggested below the 2-hour EMA52, and target gradually looking towards the 3.729-4.015 range.