Technical Analysis for ENA/USDT: Three Key Price Targets 🎯
As ENA/USDT continues to show bullish momentum, we’ve identified three critical price targets that traders should watch closely in the coming hours and days. Here’s a breakdown of the latest technical indicators:
---
🔍 Current Price: $0.3691 (+12.56% in 24 hours)
ENA has seen a significant upward move over the past 24 hours, with a current price of $0.3691. The price has broken above key resistance levels, signaling potential further upside. Let’s dive into the key price targets to watch:
---
🎯 Target 1: $0.3744 (Resistance Zone)
The first major resistance is at $0.3744, where selling pressure has been observed in the past. A successful break above this level could signal a continuation of the bullish trend and open the door for the next targets.
---
🎯 Target 2: $0.3719 (24h High)
With the recent high set at $0.3719, this level is an important point of interest. A retest of this high could confirm the strength of the current uptrend. A clean breakout above $0.3744 would signal that ENA is poised to target new highs.
---
🎯 Target 3: $0.3800 (Next Psychological Level)
If ENA manages to clear the resistance at $0.3744 and maintain momentum, $0.3800 will likely be the next target. This is a round number and a key psychological level that traders often watch for a potential breakout.
---
📉 Support Levels:
$0.3425 (SAR Support): Watch for any dips toward the SAR support level at $0.3425, which may act as a key point of support if the market corrects.
$0.3381: Another support level to keep in mind for possible price retracements.
---
📈 Trend Outlook:
The overall trend is bullish with significant volume backing the upward move. The 24h trading volume has surged to 48.73 million USDT, showing strong market interest and the potential for more upside in the short term.
