$ENA Faces Key Test as Bears Dominate the Chart
The latest technical analysis of ENAUSDT on the daily timeframe reveals a market under pressure. With the token trading below both the 9-day and 20-day EMAs, the short- and medium-term trends remain firmly bearish. Momentum indicators like MACD and RSI reflect weakening sentiment, though a minor slowdown in bearish momentum suggests a potential inflection point.
The key support zone between $0.2671 and $0.261 is now under watch. A breakdown could trigger further downside, while a bounce might offer a short-term recovery toward resistance levels at $0.341 and $0.3649.
Traders are advised to remain cautious, as the technical landscape shows no clear bullish reversal yet. Strategic entries should be based on price action and confirmation from indicators.
Read more: www.ecoinimist.com/2025/05/07/ethena-crypto-price-faces-pressure
