📉 Technical Analysis – ENA/USDT (1H)
🧾 General Context
ENA is in a phase of sharp correction after a strong bullish movement, being traded below the EMAs and within the Ichimoku cloud, indicating a zone of uncertainty and weakening of the previous bullish trend.
🔍 Technical Indicators
🔸 Ichimoku Cloud
Price is below the Kijun and the Tenkan, but is already testing the support of the cloud (Senkou Span A).
The cloud ahead is red and descending, suggesting weakness in the bullish momentum.
🔸 EMAs
All short-term averages (EMA 7, 14, 21) are aligned downwards, reinforcing the bearish bias in the short term.
🔸 Stochastic RSI
Very close to the oversold zone (16.20 / 13.75), with the possibility of a bullish crossover in the next candles.
Indication that a reaction may occur if buying volume enters.
🔸 MACD
It has a confirmed bearish crossover and a rising histogram in red.
There is still no sign of imminent reversal; however, it is at an exhaustion point.
🧱 Important Levels
Resistances:
• 0.5963 (cloud line)
• 0.6102 (Bollinger Band + EMA)
• 0.6237 and 0.6533 (previous tops)
Supports:
• Current: 0.5738 (trading line and partial POC)
• Main VPVR support: 0.4992
• Critical region: below 0.5671 (lower Bollinger)
📈 Strategic Scenario
ENA is in a retracement moment within a short-term down channel.
There are technical indications of a possible reaction based on the RSI and the price testing support, but the bearish structure still prevails.
If it loses 0.5671 with volume, the target may be the higher liquidity zone at 0.50.
To reverse, it would need to break 0.5963 with force, resuming above the EMAs and the cloud.
✅ Final Summary
ENA is in a healthy retracement, but already at a critical support point. Indicators are starting to show signs of exhaustion of the decline, which could favor a recovery if buying volume enters in the next hours.
