📊$ENA
/USDT Technical Analysis (May 15, 2025)
Trend Overview: ENA has been in a consistent downtrend, currently trading at $0.2887, down 3.35% over the last 24 hours.
Support & Resistance:
Immediate support: $0.2852
Resistance levels: $0.3300 - $0.3400
Technical Indicators:
Price is trading below key moving averages, indicating a bearish trend.
Daily RSI at 63.6, suggesting positive momentum.
📈 Market Sentiment & Outlook
While ENA has experienced a recent downtrend, the formation of a strong full-body candle on the daily chart and RSI readings in the positive momentum zone indicate potential for a bullish reversal. Traders should monitor the price action around the $0.3300 - $0.3400 resistance area for signs of a breakout.
*Note: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*