Updated technical analysis for $ENA – April 2025

The $ENA coin is currently trading at $0.31, following a 16% drop due to the unlocking of 171 million tokens, which increased selling pressure in the market.

Current technical levels:

Strong support: $0.30 – $0.31

First resistance: $0.33

Second resistance: $0.434

Technical indicators:

RSI: at 46.3 – the market is neutral

MA50: at $0.413 – the price is below the average, indicating a downward trend

Double bottom pattern: has started forming, which may hint at a potential bullish reversal

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Potential entry points:

Conservative entry: at $0.30 – $0.31, with a stop loss below $0.29

Entry after breaking resistance: above $0.33 with confirmation of good trading volume

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Price targets for $ENA in 2025:

First target: $0.434

Second target: $0.60

Third target (long term): $1.20

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Recommendations:

For traders: Monitor the resistance at $0.33, as breaking it may be a signal to rally

For investors: You can adopt a dollar-cost averaging (DCA) strategy and gradually target long-term goals

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Warning:

This analysis is not considered investment advice. Always conduct your own research and consult a financial advisor before making any decisions.

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