ENA/USDT 4-Hour Chart Update (May 4, 2025)

Current Price: $0.2887 (–3.35% over 24 hrs)

1. Overall Trend

Bearish bias on the 4-hour timeframe

Since peaking at roughly $0.38 on April 26, ENA has carved out a series of lower highs and lower lows, confirming the downtrend.

2. Support & Resistance Levels

Immediate Support: $0.2850

The 24-hour low settled near $0.2852. A decisive break below $0.2850 could trigger a slide toward the next demand zone around $0.26–$0.25.

Immediate Resistance: $0.31 → $0.34

Overcoming $0.31 with conviction and volume would be the first step before bulls can target $0.34.

3. Volume Analysis

Trading volume has steadily waned, indicating fading buying pressure.

Absence of any large volume spikes suggests no significant whale or institutional accumulation at these levels.

4. Momentum & Oscillators

Price action is dominated by red candles, underscoring bearish momentum.

Although the RSI isn’t displayed, recent price movement implies that ENA is approaching oversold territory—setting the stage for a potential short-term rebound if buying interest returns.

Conclusion: ENA remains under selling pressure until it reclaims $0.31 on strong volume. Traders should watch for a clean break of $0.2850 to either press lower or catch a bounce from this support zone.