Recently, ENA closed the nearest downside gap at $0.74–0.62, which I mentioned earlier. Now the price is retesting the diagonal resistance from early August. A breakout above this could open the path toward a new ATH.
➡️ Meanwhile, buying volumes remain in harmony with price — they’re rising as the price rises, showing that interest in ENA is still growing even at these levels.
➡️ ENA is also one of the few tokens on the market right now with a positive Money Flow reading, signaling ongoing liquidity inflows. For comparison, ETH and BTC are already in negative territory.
➡️ However, two gaps remain below: $0.56–0.48 and $0.46–0.40. And as you’ve already seen many times, gaps tend to close reliably.
➡️ At the same time, the Supply and Demand Zones indicator shows massive demand for ENA at current levels and lower, while supply is almost nonexistent right now. In other words, there are hardly any sellers — but plenty of buyers.
📌 Conclusion:
ENA continues to look highly attractive for long trades. If it can break through the diagonal resistance, I’ll personally be looking for a swing trade, with a plan to target at least a retest of $1.
➡️ Meanwhile, buying volumes remain in harmony with price — they’re rising as the price rises, showing that interest in ENA is still growing even at these levels.
➡️ ENA is also one of the few tokens on the market right now with a positive Money Flow reading, signaling ongoing liquidity inflows. For comparison, ETH and BTC are already in negative territory.
➡️ However, two gaps remain below: $0.56–0.48 and $0.46–0.40. And as you’ve already seen many times, gaps tend to close reliably.
➡️ At the same time, the Supply and Demand Zones indicator shows massive demand for ENA at current levels and lower, while supply is almost nonexistent right now. In other words, there are hardly any sellers — but plenty of buyers.
📌 Conclusion:
ENA continues to look highly attractive for long trades. If it can break through the diagonal resistance, I’ll personally be looking for a swing trade, with a plan to target at least a retest of $1.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.