ENA/USDT 4H Chart Analysis
Current Price: 0.4041 (+8.75%)
ENA/USDT has shown a strong spike to 0.4141 (24H high) on May 25, followed by a pullback to 0.4042. After a downtrend from 0.4200 to 0.3716 (24H low), this rally hints at a potential reversal, but caution is key.
Key Levels:
Support: 0.3716, 0.3800
Resistance: 0.4141, 0.4200
Volume: A massive spike (185.6M ENA traded) during the rally, but fading volume now suggests weakening momentum.
Trend:
Short-term: Bullish, but consolidating.
Long-term: Bearish (-55.81% over 1Y).
Outlook: Watch for a break above 0.4141 for bullish confirmation or a drop below 0.4000 for a retest of lower supports. High volatility trade with care!
