Ena appears flexibility in the encryption market, in contrast to the weakest Bitcoin (BTC) performance. Over the past day, the ENA price gained 6.50 %, with a 53.88 % trading volume increased. When writing, the original is priced at $ 0.4506. Meanwhile, Bitcoin appears to be stagnant, prompting some analysts to focus on the movement of Ena’s price instead.
Market monitors shared their views on the Ena momentum. Crypto Altcoin Sherpa has acknowledged the power of the currency but expressed a cautious approach, preferring to wait before moving. Another analyst, Cryptomannn, stated that of all assets, Ena is the only one who looks favorable at the present time. These ideas are in line with the technical indicators that indicate that the price of Ena may be at a major turning point.
Technical indicators show Etheina’s strength
The movement of Ena prices has gone through multiple stages, including the downward trend, followed by a period of monotheism. The original found support at low levels before starting an upward batch. The price tests a major resistance area that can determine whether the penetration is continuing.
200 EMA sits over long -term resistance. 100 EMA was previously a dynamic resistance, while 50 and 20 EMAS offers short -term momentum signals. The breaking of these indicators increased the purchase interest.
The size rises during the latest price increase. If the price of the Ena exceeds the resistance with a strong size, it may confirm the bullish direction. If not, we can see withdrawal.
Bitcoin’s weakness turns the market to Etheena
Bitcoin was recently slow, pushing merchants towards alternatives like Ena. Cryptomannn note that there are no strong trading signals for BTC now. This may be the reason why more people are watching Ethaina’s price.
While Bitcoin is still the largest encryption, the movement of the sides has merchants looking elsewhere. The difference between the slow Bitcoin performance and the last Ena’s strength has become a hot theme.
Also read: expert who expected Bitcoin (BTC) the last Bull Run Rallly call to $ 120,000 – when you buy DIP
Etheina Resistance and support levels to watch
Ena is close to the main resistance level that was historically difficult to break. If the price exceeds this area in large size, it may indicate more bullish direction. If the penetration fails, The price of Ena may return to the scope of monotheism.
Support levels remain decisive for traders who monitor potential recovery. The lower border of the previous domain was a strong demand area, preventing more declines. Emas can also work in the short term as dynamic support if the price tests a temporary withdrawal.
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