$ENA Coin Market Update

Liquidation Alert:

$155K in long positions were liquidated at $0.642, signaling strong selling pressure and a possible change in market direction.

Market Overview:

$ENA has faced a downturn following significant long liquidations. The price is now testing critical support levels, and the upcoming market moves will depend on whether the support holds or further downside occurs.

Key Levels to Watch:

Resistance: $0.750 – $0.770 (Breaking above this range could signal a potential recovery)

Support: $0.730 – $0.715 (Critical support zone; a break below could lead to more downside)

Trade Strategy:

Buy Zone: $0.730 – $0.742 (If price stabilizes above support and shows signs of a bounce)

Sell Zone: $0.750 – $0.770 (If price faces resistance and struggles to break higher)

Target: $0.800+ (If bullish momentum returns and resistance is broken)

Market Sentiment:

$ENA is under pressure after the liquidation of long positions. However, if the support zone at $0.730 holds, there could be a chance for a recovery. A breakdown below this support could lead to further declines.

Stay alert and manage your risk accordingly.

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