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$ENA /USDT
- Bearish trend for spot and futures traders
Current price: $0.5448
Today's gains: +7.86%
Volume: 753.59 million ENA units
Category: Decentralized Finance
Why follow ENA now?
The price of ENA has risen today, but it has not been able to stay above $0.55. The price is declining again, indicating weakness. Sellers are active, and the price may drop further if it remains below $0.55.
Key price levels:
Resistance (price may face difficulty): $0.5500 and $0.5600
Support (price may stop falling): $0.5200 and $0.5000
Trading plan:
Sell entry price: $0.5450 - $0.5500
Stop loss: $0.5550
Target 1: $0.5200
Target 2: $0.5000
Target 3: $0.4850
In short:
ENA price is weak below $0.55. If the price remains below this level, it may drop further. Short selling can be profitable if the bearish trend continues. Traders should manage risk using an appropriate stop loss.
