Price Action Analysis: $ENA USDT - Correction or Reversal?

Current Snapshot:

* ENA Price: 0.6262 USDT

* Daily Change: -9.64% (Rs 178.14)

* 24h High: 0.6951 USDT

* 24h Low: 0.5937 USDT

key Observations:

* ENA has experienced a significant pullback from its high of 0.7003 USDT.

* It is currently trading below its MA(7) (0.6408) but above its MA(25) (0.6183). This suggests a potential short-term bearish bias while the broader trend remains supported by the MA(25).

* The MA(99) at 0.4704 provides strong long-term support.

What to Watch For:

* A quick recovery above MA(7) would indicate continued strength.

* A break below MA(25) could lead to further downside, potentially testing lower support levels.

* Volume is present, indicating active trading as price consolidates.

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