🧊 Are you breaking down $ENA ? Bear market signals are increasing the pressure 📉💣
ENA is facing a clear downward pressure wave, with a price decline and a break of key support areas.
The chart shows lower lows, a decrease in momentum, while the RSI indicator hovers below 40, and the MACD indicator dives into negative territory with no signs of a near reversal.
Buying volume is decreasing, and every rebound is being blocked by strong sell walls.
On-chain, exchange balances are rising, indicating that investors are ready to sell, while whale distribution is shifting towards more stable coins like BTC and SOL.
The growth of wallets has noticeably slowed, and BubbleMaps data reveals a contraction in clusters, indicating a pattern of collective exit.
Social sentiment has declined, with a lack of discussion about ENA on X and Telegram platforms, as attention shifts to other projects like Shibarium and Pumpfather.
Despite this trend, there are signs of technical support at $0.60, backed by a strong decentralized financial system and a total locked value exceeding $9.5 billion, reflecting some long-term investors' conviction.
However, continued selling pressure could push the price towards $0.51 then $0.40 if a strong catalyst or volume reversal does not appear.
If you still hold ENA, this is a moment to reassess your strategy.
In a bear market, hope is not a plan — risk management is fundamental.
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