$ENA Rises 16% in 24 hours... Is liquidity supporting this rally, or are we facing an imminent correction?
The price is currently $0.2212 on the 15-minute timeframe, and the trading volume ratio is only 0.18. The movement is upward, but low trading volume indicates that buying momentum is not strong enough to confirm that the rally is sustainable.
Likely scenario: A test of higher resistance levels, with the possibility of a mild correction for profit-taking before the uptrend resumes.
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$ENA
This content is not investment advice. Do your own research (DYOR).
The price is currently $0.2212 on the 15-minute timeframe, and the trading volume ratio is only 0.18. The movement is upward, but low trading volume indicates that buying momentum is not strong enough to confirm that the rally is sustainable.
Likely scenario: A test of higher resistance levels, with the possibility of a mild correction for profit-taking before the uptrend resumes.
Follow us for more daily analysis.
$ENA
This content is not investment advice. Do your own research (DYOR).