🔍 $ENA Technical Analysis (Short-Term)
📈 Current Price: $0.6317
24h High: $0.6500
24h Low: $0.5557
24h Change: +13.15%
RSI(6): 58.2 → Slightly bullish but not overbought
Volume: 80.53M ENA / 49.16M USDC
🔸 Chart Observations (15-Minute)
🔹 1. Support & Resistance
Immediate Support: $0.6196 (local low just before last green impulse)
Key Support: $0.6057 (lowest wick from this session)
Immediate Resistance: $0.6413 – price hit this twice and pulled back
Major Resistance: $0.6500 – session high and psychological round level
🔹 2. Candlestick Structure
The price attempted to break above $0.6413 but failed twice (double top pattern forming). This could trigger a short-term pullback.
Recent candles show higher lows, which indicates buyer strength is building up despite rejection near $0.6413.
🔹 3. RSI Indicator (6-period)
RSI = 58.2 – this is neutral-to-bullish.
RSI is not yet overbought (>70), which means there's still room for upside.
No visible bearish divergence, so trend continuation is still possible.-
📊 Summary: What This Tells Us
Indicator Status
Trend Bullish (higher lows)
Momentum Positive but slightly cooling
Resistance Zones $0.6413 → $0.6500
Support Zones $0.6196 → $0.6057
RSI Neutral-Bullish (~58)
Potential Pattern Mini double-top → Watch $0.6413 carefully
✅ Trading Outlook (Short-Term Intraday)
🔹 Bullish Scenario
If ENA breaks cleanly above $0.6413 with volume:
It could quickly retest $0.6500
Breakout above $0.6500 would be highly bullish, possibly targeting $0.675–0.70 short-term
🔹 Bearish Scenario
If ENA fails to break $0.6413 again:
Expect potential pullback to $0.6196, or even $0.6057 if momentum weakens
RSI support near 50 would be key to maintaining buyer confidence
🧭 Strategy Suggestion
Type Level Notes
Entry $0.6270–0.6310 Buy on dip with tight stop below $0.6196
Breakout Buy Above $0.642 Confirmed candle close + high volume
Stop-Loss Below $0.6050 Invalidation zone if trend weakens
Target 1 $0.6500 Near-term resistance
Target 2 $0.675–0.680 Possible extension
