📈 $ENA / USDT - Still fighting for life in the lower region
From this updated daily outlook, it seems that ENA is trying to regain dignity - but it hasn't emerged from danger yet. Let's dive in:
🔍 Structural Analysis
After its highest parabolic explosion in January, Eina formed a classic top > death spiral.
The price has been grinding sideways in the range of $0.30 to $0.35 since April - forming what could be a long base.
🧠 What does this chart say:
✅ Bullish clues
Today's candle +10.81% daily breaks above MA-7 ($0.3143) - an early signal of local strength.
If follow-up volume comes in, the next resistance is at MA-25 ($0.3570) and the real test lies at MA-99 ($0.35).
❗ Bearish warnings
Both MA-25 and MA-99 are sloping downward - the trend is still virtually bearish.
Every previous high in this area has been sharply rejected around $0.36 to $0.38.
🧭 What is the setup?
If this rebound holds:
Above $0.36, short-term traders will jump in.
Above $0.42, the trend becomes a real face.
But what if the bulls fail to hold today's gains?
$0.29 becomes a retest level. And below that... it's trouble again.
🔮 Final take:
"Eina shows heartbeats. But for this to become a bullish resurrection, it needs to reclaim the grave it just crawled out of - $0.36