$ENA Price at Crossroads: Will Support at $0.289 Hold the Line?

ENA’s daily chart is showing clear signs of weakness, with bearish indicators aligning across multiple fronts. The 9-day EMA has crossed below the 20-day EMA, confirming short-term downside pressure, while the MACD histogram continues to deepen in the negative zone — a sign of strengthening bearish momentum.

The RSI remains stuck in neutral-bearish territory, failing to climb above the mid-40s, which indicates that buyers have not yet regained control. With resistance holding firm near $0.3423 and key support approaching around $0.289, the market is at a critical juncture.

Traders are closely watching for either a breakout above resistance to signal a trend reversal or a breakdown below support that could trigger a continuation of the downtrend. Until momentum shifts, caution remains warranted.

#ENA

Read the full analysis: www.ecoinimist.com/2025/06/05/ena-price-at-crossroads