๐ $ENA /USDT โ Still Fighting for Life at the Bottom Zone
From this updated daily view, ENA looks like itโs trying to reclaim dignity โ but itโs not out of danger yet. Let's get into it:
๐ Structure Analysis
After its parabolic blow-off top into January, ENA has formed a classic rounded top > death spiral.
Price has been grinding sideways in the $0.30โ$0.35 range since April โ forming what could be a long base.
๐ง What This Chart Says:
โ
Bullish Clues
Today's +10.81% daily candle is breaking above MA-7 ($0.3143) โ early signal of local strength.
If follow-through volume comes, the next resistance is at the MA-25 ($0.3570) and the real test lies at MA-99 ($0.35).
โ Bearish Warnings
MA-25 and MA-99 are both downward sloping โ trend is still bearish by default.
Every previous rally in this zone was rejected hard around $0.36โ$0.38.
๐งญ Whatโs the Setup?
If this bounce holds:
Above $0.36, short-term traders will jump in.
Above $0.42, trend flip becomes real.
But if bulls fail to hold todayโs gain?
$0.29 becomes a retest level. And below thatโฆ itโs trouble again.
๐ฎ Final Take:
โENA is showing a heartbeat. But for this to become a bullish resurrection, it needs to reclaim the grave it just crawled out of โ $0.36+. Until then, itโs a crab walk of chop and cope.โ
โ ๏ธ DYOR โ Do Your Own Research
This is not financial advice. Markets can be volatile โ always trade responsibly!