$ENA Long Liquidation: $56.2K Cleared at $0.399
A major shakeout in ENA saw $56.2K in long positions liquidated at $0.399, signaling growing bearish dominance. With bulls unable to maintain support, sellers capitalized on the weakness, forcing leveraged traders out of the market.
If $ENA struggles to reclaim $0.405, further downside toward the $0.385-$0.375 range could be likely. However, a decisive move above $0.410 could spark a rebound toward $0.425, indicating potential accumulation at lower levels.
Traders should closely monitor price action and volume before positioning for the next move.