$ENA $ENA

Coin ($ENA ) Update

Current Market Cap: Approx. $500M

Technical Overview: THR is currently forming

Bullish Flag pattern, which has been consolidating for the past 238 days—indicating strong accumulation before a potential breakout.

This is a common pattern that often precedes significant upward movement, especially after a period of extended consolidation.

Short-Term View: There's a potential local correction at this moment, which could offer buying opportunities for short-term traders or those looking for a dip to enter.

Long-Term Outlook: The outlook remains bullish, driven by the ongoing consolidation and overall strong market sentiment for this asset.

The broader trend suggests significant potential upside.

Targets:

Mid-Term Target: $0.76 (could be reached within the next few months, depending on market conditions)

Long-Term Target: $1.80 (projected over a longer horizon, contingent on overall market growth and continued positive momentum)

Make sure to monitor the local correction and any external market factors, as these could influence the timing of the breakout. Keep an eye on volume for confirmation of the Bullish Flag breakout.

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