$ENA – BEARISH REVERSAL AT RESISTANCE? TIME TO BE CAUTIOUS

REJECTION FROM LOCAL TOP

INCREASING SELL VOLUME AFTER SPIKE

$ENA /USDT surged to 0.6690 but faced sharp rejection, forming a strong wick at the top — a classic sign of buyer exhaustion. The price has retraced to 0.6573, failing to hold above the previous resistance zone. Volume shows a spike in sell orders right after the pump, suggesting possible distribution. A breakdown below 0.6500 could confirm short-term bearish momentum.

Short Entry: 0.655

Targets: 0.642 / 0.627

Stop Loss: 0.665

Caution advised as bulls lose control and momentum fades near highs.

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