$ENA Reaches Key Support—Breakdown or Bounce?
$ENA has returned to its previous consolidation zone, a crucial support area where price previously accumulated before its breakout. The wick-fill indicates that liquidity has been swept, but the key question now is whether it will hold above or break lower.
Currently, price hovers around $0.4183, near the marked support levels. Watch for liquidity grabs—if buyers step in, we could see a potential reversal. However, if support fails, further downside could be in play.
Key Levels to Watch:
Support: $0.40 - $0.42 (Previous accumulation zone)
Resistance: $0.50 - $0.55 (Short-term rebound target)
Patience is key—let the price action confirm the next move. Avoid FOMO and trade with a plan.