$ENA ENA/USDT: Ready for the Next Leg Up?
🔥 ENA is regaining bullish momentum after a healthy correction!
$ENA is currently trading around $0.1558, up 10.42%, after an impressive rally to the $0.1835 area on the 4H chart provided in image.png. The explosive initial surge lifted the price from a low of $0.0816, and buyers have successfully stepped in to establish a higher low during this recent retracement.
📊 Current Status Price has reclaimed its footing and is now hovering comfortably above both the 4H MA(25) at $0.1530 and the MA(7) at $0.1457. With order book depth showing strong buy pressure (65.23% Bids), the bulls are firmly taking back control and looking to flip previous consolidation zones into solid support.
🎯 Key Levels to Watch
Resistance: Immediate friction is at the 24h high of $0.1600. A clean breakout with volume here opens the door for a retest of the $0.1835 local top.
Support: A strong safety net is building in the $0.1450 to $0.1530 zone where the short-term moving averages currently converge.
Always manage your risk and watch for volume confirmation on the breakout!
🔥 ENA is regaining bullish momentum after a healthy correction!
$ENA is currently trading around $0.1558, up 10.42%, after an impressive rally to the $0.1835 area on the 4H chart provided in image.png. The explosive initial surge lifted the price from a low of $0.0816, and buyers have successfully stepped in to establish a higher low during this recent retracement.
📊 Current Status Price has reclaimed its footing and is now hovering comfortably above both the 4H MA(25) at $0.1530 and the MA(7) at $0.1457. With order book depth showing strong buy pressure (65.23% Bids), the bulls are firmly taking back control and looking to flip previous consolidation zones into solid support.
🎯 Key Levels to Watch
Resistance: Immediate friction is at the 24h high of $0.1600. A clean breakout with volume here opens the door for a retest of the $0.1835 local top.
Support: A strong safety net is building in the $0.1450 to $0.1530 zone where the short-term moving averages currently converge.
Always manage your risk and watch for volume confirmation on the breakout!
