#ENA /USDT Technical Analysis (4H Timeframe)

Current Price: $0.3685 (-6.59%)

24H High: $0.4126 | 24H Low: $0.3641

24H Volume: 230.87M ENA | 88.28M USDT

Key Observations:

Trend Analysis:

The price is in a downtrend, as seen from lower highs and lower lows.

Price recently rejected the $0.48 resistance level and is now moving lower.

Moving Averages (MA):

MA(7) (Yellow): $0.3819 (Short-term, acting as resistance)

MA(25) (Pink): $0.4165 (Medium-term, also resistance)

MA(99) (Purple): $0.4053 (Long-term, showing a bearish trend)

The price is trading below all MAs, signaling continued bearish momentum.

Support & Resistance Levels:

Support: $0.3370 (Recent Low), possible next target if the downtrend continues.

Resistance: $0.4024 - $0.4126, price needs to reclaim this zone for bullish momentum.

Volume Analysis:

Recent selling pressure is strong, with higher red volume bars.

Low buying volume, indicating weak support at current levels.

Market Sentiment:

Bearish in the short term, as price struggles below key moving averages.

A break below $0.3640 - $0.3370 support could trigger more downside.

Bulls need to push above $0.4024 resistance for a possible trend reversal.

Conclusion:

📉 Bearish Bias: Short-term downtrend continues unless a breakout above $0.40 happens. Watch for support at $0.3370 or resistance at $0.4024 for a potential price move.#ENA #CryptoCPIWatch #MasterTheMarket #UkraineRussiaCeasefire