ENA (ENA/USDT) Technical Analysis – November 2024ENA (ENA/USDT) Technical Analysis – November 2024
The chart indicates that ENA has broken out from a descending wedge pattern, suggesting the potential for a strong bullish reversal.
Key Observations:
Current Price: $0.5279 (+50.27%)
Resistance Targets:
First Target: $0.8921
Second Target: $1.2159
Third Target: $1.5664
Technical Pattern: The breakout from the descending wedge, a pattern typically signaling a reversal from bearish to bullish, supports a potential upward trend if volume and momentum continue.
Next Steps:
Watch for price action around the $0.8921 level to confirm continued momentum. A retest and hold above this level could propel ENA to the next targets of $1.2159 and $1.5664.
#ENA #Crypto #TechnicalAnalysis #Breakout #PriceTargets