- Currently at $0.7393, ENA has dipped 3.0% in 24 hours but holds potential for a rally if key resistance levels break.
- VET Faces Bearish Pressure – Trading at $0.04681, VET remains within a tight range; a breakout above $0.04861 could push it toward $1.20 or higher.
- APT Struggles to Hold Support – Currently at $7.45, APT shows consistent selling pressure; a move above $8.37 is needed for a potential trend reversal.
At press time on February 1, ENA was trading at $0.7393, a 3.0% dip in 24 hours and 11.4% drop over the past week. ENA market cap is at $2.246 billion, down by 3.8%.
Source: Coinmarket Cap
Currently,ENA token is being closely watched, with analysts setting a target price of $1.67. Given recent market activity, ENA’s price trajectory suggests potential bullish momentum if key resistance levels are breached. The token’s support level remains crucial in determining whether a rally toward $1.67 is sustainable.
VET’s Decrease Momentum as Bears Trends
VET has been showing bearish movement, with its current price sitting at $0.04681 reflecting a 0.13% decline in the past 24 hours. The price has remained within a relatively tight range, with higher lows suggesting building momentum. Its circulating supply stands at 80.98B VET, offering decent liquidity for market participants.
Key support levels are seen at $0.04586 while resistance zones lie at $0.0278, $0.037 and 0.$0.04861. A potential breakout above $0.04861 could push the price higher, targeting $1.2 or beyond. However, the market remains cautious, with moderate volatility and healthy trading activity supporting continued consolidation within this range.
APT’s Struggle: Bearish Sentiment and Consolidation
APT on the other hand, is also facing a downtrend, with the price currently at $7.45, down 5.9% in the past day. This marks a continuation of the downward trajectory, where past recovery attempts have failed to maintain momentum.
Despite significant market activity, with a 24-hour trading volume of $285.02 million, the market participation has dropped by over 8%. APT’s price is consolidating in a narrow range with key support levels at $7.44, $7.45 and $7.46.
Resistance levels lie at $8.35,$8.36 and $8.37 here selling pressure has been particularly strong. A break above $8.37 might signal a potential reversal, but the overall sentiment remains bearish, marked by lower highs and consistent selling pressure.