ENA MARKET STRUCTURE UPDATE FOR ASIA SESSION ๐๐ฐ
I am tracking $ENA closely as volume expands, with a 24h change of 17.13%, indicating a potential shift in market structure, and it's likely that the price will continue to rise if the current momentum is maintained, with a potential target of $0.12, it shouldn't break the support zone of ~$0.09316, or the bullish outlook will be compromised ๐ฐ. The current price of $ENA is hovering around $0.10940, which could lead to a significant increase in liquidity pools if the resistance zone of ~$0.11791 is breached, potentially driving the price higher ๐ฅ.
The $ENA price action is indicating a clean breakout above the mid-range of $0.10560, with a potential for further upside as the volume profile suggests a strong buying interest, and the order blocks are being breached with ease, it's a good sign for the bulls, and the funding rates are also supporting the bullish narrative ๐. The market structure shift is indicating a potential change in the trend, and the $ENA price could be heading towards the resistance zone of ~$0.11791, where it may face some selling pressure, but if the bulls can manage to push the price above this level, it could lead to a significant rally ๐.
DYOR
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