$ENA

$ENA The cryptocurrency ENA, paired with USDT, is showing signs of weakness. The price went down after reaching near 0.6200, which acted as a strong wall (resistance). Right now, the price is around 0.6051.

This means buyers are getting weaker, and the sellers are starting to take control. Let’s look at the details.

Simple Technical Analysis:

Breakout Failed:

The price tried to go above the strong resistance area (0.6200), but it failed. This is a sign that the coin doesn’t have enough strength to go higher right now.

Rising Trend Broken:

Before this, ENA was moving up slowly inside a rising channel (like a staircase going up). But now, it broke below that staircase, which shows the upward trend may be finished for now.

Bearish Pattern Forming:

A bearish pattern (a setup where price might go down more) is forming. If this continues, the price can drop to lower support areas