ENA Critical Support Zone: Golden Opportunity Zone Approaching – Don’t Miss Out
Considering that BTC might pull back slightly further to around $86k or $85k.
This chart showcases the price action of ENA against Tether (USDT) on a daily timeframe, highlighting crucial levels of support, resistance, and a speculative path for potential price movement. The blue zone, around $0.5040 to $0.4833, represents a significant support area where the price may find buyers if it retraces from its current level near $0.640. The chart also indicates a red projected path suggesting a pullback toward the blue zone before a potential bullish reversal and upward rally.
The upper resistance zones, at $0.6809 and $1.0353 to $1.0976, mark critical areas where sellers may attempt to stall the price momentum. A decisive break above these levels could open the doors for a rally toward the previous highs near $1.5230. The current setup suggests that traders are closely monitoring the blue support zone for signs of bullish strength, while the overall sentiment remains cautiously optimistic, contingent upon holding the key support and breaking the resistance zones.
We also provide multiple trading setups in our premium discord server, you can take great benefit from it.
