🔍 ENA Analysis – RSI Oversold, Support Retest in Play 🔍
🧩 ENA is a DeFi token currently trading at $0.6345, down 0.31% in the last 24 hours. With volume cooling and RSI dipping, traders are watching for a potential bounce or breakdown.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.6216
- Resistance: $0.6626
- Pattern: Descending channel with lower highs
- Volume: Declining, signaling reduced momentum
- RSI: 30.74 – oversold territory
- Outlook: Bearish bias unless support holds
📰 Market Data & News
- Price: $0.6345
- 24h Change: -0.31%
- No major headlines or listings reported
🔄 Scenario Breakdown
- Bullish Case: Bounce from $0.6216 with RSI reversal and volume spike
- Bearish Case: Breakdown below $0.6216 confirms continuation toward $0.60
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🟡 Medium – Some signals align, but confirmation needed
Will ENA defend the $0.62 support or break lower? Share your setup below 👇
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📢 Not financial advice. Use this analysis as a learning tool, not a trading signal. DYOR and manage your risk.
ENA #TheCryptoMalik