🚀 ENA/USDT – Bullish Continuation or Cooling Off? Let’s Break It Down 🔍
ENA has surged from a low of $0.2224 to a recent high of $0.5919, marking a +165% rally in just a few weeks! 📈 Currently trading at $0.4820, it's holding strong above the 7-day MA (0.4807) – a critical short-term support.
📊 Key Observations:
Volume Surge: 24h Volume sits at 510M ENA, confirming massive interest and strong market participation.
Golden Cross Alert: Short-term MA(25) at 0.3563 is trending above MA(99) at 0.3333, signaling long-term bullish momentum.
Consolidation Phase: After hitting the top, price is consolidating with healthy pullbacks – a sign of strength, not weakness.
Support Zone: Watch $0.4478–$0.4800 for bounce potential. If held, next upside targets are $0.5291 and $0.5919.
⚠️ If $0.4478 breaks, deeper retracement toward $0.3665 (25 MA) is possible. Still bullish above this zone.
📅 Performance:
Last 7 Days: +28.24%
Last 30 Days: +78.44%
YTD: +88.94%
🎯 Next Watch Zones:
Breakout Above: $0.5291 → Target $0.59+
Breakdown Below: $0.4478 → Watch $0.3665
🧠 ENA is showing solid structure, but always manage risk. A fresh breakout needs volume confirmation!
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