ENA COIN ANALYSIS: BIG PUMP SOON? đ„đ„
$ENA is currently trading at $0.4271, up 7.44%. Here's a breakdown of the technical situation:
đš ENA/USDT Technical Update đš
Bullish Momentum: ENA is showing strong momentum today, with a recent price of $0.4337, marking an important recovery as it approaches a key resistance zone.
đ Chart Breakdown:
Descending Trendline: ENA has been under a descending trendline since its peak earlier this year but is now nearing a potential breakout.
Support Zone: The price found strong support around $0.1937 and has rebounded sharply.
Resistance Zone: The next significant hurdle is around $0.50. Breaking above this could open doors for substantial upside.
Volume Spike: Recent volume increases indicate growing interest, and if this continues, ENA could challenge the $1.00 level soon.
đ What to Watch For:
1. Trendline Breakout: A decisive break above the descending trendline and resistance zone could trigger a strong bullish rally.
2. Retest of Support: Watch the $0.35-$0.40 area for potential new support if the price pulls back.
3. High Targets: If successful, ENA could push towards $1.00 and beyond in the long term.
---
đą What do you think? Will ENA break through resistance and reach new highs? Share your thoughts below!
#BNBRisesTo600 #USRetailSalesBoost #SCRSpotTradingOnBinance #TeslaTransferBTC #Write2Earn!