$ENA /USDT Technical Breakdown – Potential Bearish Setup Developing

The ENA/USDT pair has broken down from its rising channel structure after facing strong resistance near the 0.6200 level. The current market price is 0.6051, and the recent rejection indicates a possible shift in trend.

Technical Analysis:

The price failed to sustain the breakout above the horizontal resistance zone.

A breakdown below the ascending trendline confirms weakening bullish momentum.

A bearish continuation pattern is forming, with downside potential toward the lower support zone.

Trade Setup (Short Bias):

Entry Range: 0.6050 to 0.6100

Stop Loss: Above 0.6400

Target Levels:

• First Target: 0.5800

• Second Target: 0.5500

• Final Target: 0.5388

Conclusion:

Unless the price reclaims and holds above 0.6200, further downside pressure is expected. Traders should monitor volume and price action closely for confirmation before entering positions.

Buy and Trade $ENA

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