Since June 29, the BBTrend (Bollinger Band Trend) indicator on ENA’s daily chart has shown a steady series of growing green bars. This expansion signals increasing underlying bullish momentum, even as the token’s price trended mostly downward over the past week.
However, today’s 10% rally marks the strongest upside move in that entire period—potentially signaling the start of a reversal. In technical terms, when BBTrend bars expand during price consolidation, it often precedes a breakout. That appears to be playing out now. If this renewed momentum sustains, ENA could be setting up for further upside in the sessions ahead.
However, today’s 10% rally marks the strongest upside move in that entire period—potentially signaling the start of a reversal. In technical terms, when BBTrend bars expand during price consolidation, it often precedes a breakout. That appears to be playing out now. If this renewed momentum sustains, ENA could be setting up for further upside in the sessions ahead.
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Truly Unbiased Cryptocurrency News beincrypto.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.