4-hour chart of $ENA /USDT
Price Movement: The current price is $0.3282, reflecting a +3.50% increase. The chart shows a recent upward movement after a period of decline, with the price recovering from a low around $0.3141.
Trend: The candlestick pattern indicates volatility, with a mix of red (bearish) and green (bullish) candles. The recent green candles suggest a short-term bullish momentum, but the overall trend over longer periods (e.g., 30 days: -10.8%, 180 days: -63.54%) remains bearish.
Volume: Trading volume has spiked recently, particularly around the price recovery, indicating increased market interest or activity.
Support and Resistance: The price appears to be testing resistance around $0.334, with support likely near $0.3141 (recent low). A break above $0.334 could signal further upside, while a drop below $0.3141 might resume the downtrend.
SMA: The Simple Moving Average (SMA) line suggests the price is above a short-term average, supporting the current uptick, but the longer-term SMA trend remains downward.
