$ENA ENA/USDT Technical Outlook – Support & Resistance Levels

Currently trading at $0.3951, ENA has faced a sharp decline of -5.77%, retreating from the recent high of $0.4469. Let's break down the key support and resistance levels visible on the 4H chart:

Resistance Levels:$ENA

$0.4469 – The most recent swing high, acting as the primary resistance. A breakout above this could lead to renewed bullish momentum.

$0.4114 (MA7) – This moving average has turned downward, indicating short-term resistance.

Support Levels:

$0.3944 (MA25) – Currently serving as immediate support, and the price is hovering around this level.

$0.3790 (MA99) – A critical long-term support level. If the price breaks below MA25, this level may be tested next.

$0.3850 – Today’s 24h low, another potential short-term support.

MACD Analysis:$ENA #

The MACD shows a bearish crossover with the histogram turning negative, signaling weakening bullish momentum.

Conclusion: Watch for a hold above $0.3944–$0.3850 to maintain bullish structure. A bounce here could retest $0.4114 and potentially $0.4469. However, a breakdown below $0.3790 could confirm a bearish reversal in the short term.#BinanceAlphaAlert