**$ENA: Will this "surge" have enough strength to break through resistance?** 🚀
The current price is holding at $0.1268, showing notable bounce in the last 15 minutes. Compared to the 4-hour chart, the price has broken through the resistance at $0.1231, establishing a testing position at the 24-hour resistance zone of $0.1278. 📈
The HH/HL structure indicates that the uptrend is being sustained. With the current price sitting above the SMA20 ($0.1224) and EMA50 ($0.1206) along with a positive slope, the short-term trend is leaning towards the bulls. The trading volume on Binance is quite active with a 4-hour volume increase of 2.72%, especially with a Taker Buy/Sell Ratio of 1.29 showing that the buyers are "locking in deals" aggressively. 💸
However, the OI growth has decreased by 0.73%, indicating some light profit-taking. The funding rate of 0.0050% combined with the Long/Short ratio of top accounts reaching 2.00 reflects that the whales are still very "confident" in holding Long positions. The RSI is at 63.43 with a strong slope indicating that the upward momentum still has room to grow, not yet hitting the dangerous overbought threshold. ⚡
Overall, the sentiment is neutral but the technical data is "sending positive signals" with a score of 8.0/10. What do you think, will this upward momentum break $0.1278 or will there be a slight correction before it soars higher? 🧐
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$BTC, $XAU, #CreatorpadVN
The current price is holding at $0.1268, showing notable bounce in the last 15 minutes. Compared to the 4-hour chart, the price has broken through the resistance at $0.1231, establishing a testing position at the 24-hour resistance zone of $0.1278. 📈
The HH/HL structure indicates that the uptrend is being sustained. With the current price sitting above the SMA20 ($0.1224) and EMA50 ($0.1206) along with a positive slope, the short-term trend is leaning towards the bulls. The trading volume on Binance is quite active with a 4-hour volume increase of 2.72%, especially with a Taker Buy/Sell Ratio of 1.29 showing that the buyers are "locking in deals" aggressively. 💸
However, the OI growth has decreased by 0.73%, indicating some light profit-taking. The funding rate of 0.0050% combined with the Long/Short ratio of top accounts reaching 2.00 reflects that the whales are still very "confident" in holding Long positions. The RSI is at 63.43 with a strong slope indicating that the upward momentum still has room to grow, not yet hitting the dangerous overbought threshold. ⚡
Overall, the sentiment is neutral but the technical data is "sending positive signals" with a score of 8.0/10. What do you think, will this upward momentum break $0.1278 or will there be a slight correction before it soars higher? 🧐
If you found this post helpful, please like, share, follow, tip, or use the widget below to support me, thank you all.
$BTC, $XAU, #CreatorpadVN