🧠 $ENA /USDT – Strong DeFi Bounce, or Overbought Zone Incoming? 📈⚠️
$ENA surged +6.51% to $0.4383, reclaiming key moving averages with volume backing the move. But with RSI pushing near overbought—can the rally continue?
📊 Market Overview
📍 Current Price: $0.4383
📈 24h High: $0.4469
❄️ 24h Low: $0.3950
💸 24h Volume (ENA): 255.97M
💰 24h Volume (USDT): $107.02M
📊 Key Indicators
📍 Moving Averages:
MA(7): $0.4314
MA(25): $0.4166
MA(99): $0.3872
📍 RSI (6): 74.69 🔥 (Near Overbought)
📍 Volume: 937.26K
📍 MA(5) Vol: 13.43M | MA(10) Vol: 9.52M
📈 ENA Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (Breakout Continuation):
Entry: Clear break and hold above $0.447
Targets: $0.468, $0.49
Stop-Loss: $0.426
🔹 Bearish Scenario (Pullback/Correction):
Entry: Loss of $0.429 support
Targets: $0.405, $0.387
Stop-Loss: $0.442
🔍 Analysis:
✅ Trading above all major MAs – bullish alignment
📈 RSI above 70 – strong momentum, but overbought caution
📊 Increasing volume – confirms interest, but may cool off
💡 Pro Tip:
Watch for volume confirmation on the next leg up—if momentum fades at $0.45, expect a pullback before continuation. Use staggered TP if you're long.
💥 DeFi heating up? ENA showing strength, but don’t ignore those overbought signals.
💬 Drop a comment if you're trading this DeFi mover!
🔁 SHARE with your alpha group if you think ENA still has gas in the tank.
