ENA is gaining bullish momentum, pushing up to $0.3843 with a +3.31% gain on the 15-minute chart. The price is rapidly approaching the local high of $0.3875, and traders are watching closely to see if this DeFi token can break out.
The RSI is currently at 73.61, showing strong bullish strength โ but nearing overbought territory. Meanwhile, the Stochastic K/D lines are both above 78, signaling short-term overextension. Still, MACD remains bullish with a fresh cross and upward slope, indicating that momentum hasnโt cooled off yet. ๐ฅ
Volume is picking up, especially in the last few candles, suggesting fresh buying interest is entering as ENA approaches its resistance level.
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๐ Key Levels:
Resistance: $0.3875 (local high)
Support: $0.3702 (recent bounce zone)
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๐ฅ My Take:
ENA is knocking on the door of breakout territory. A clean move above $0.3875 could send the price flying toward $0.395+ with strong momentum behind it. However, watch for rejection or a small dip, especially with RSI and Stochastics running hot.
๐ Breakout traders should keep a close eye on volume confirmation and possible retest of support.