๐ป $ENA /USDT โ Heavy Selling Pressure, Watching for Support Test
$ENA is currently trading at $0.3714, down a sharp 13.35% in the last 24 hours. The token is hovering just above its lower Bollinger Band after a steep selloff, with short-term momentum showing faint signs of bullish divergence.
๐ Market Overview
Current Price: $0.3714
24h High / Low: $0.4309 / $0.3645
24h Volume:
โโENA: 245.00M
โโUSDT: $95.30M
๐ Technical Indicators
Bollinger Bands (20, 2)
โโUpper: $0.4031
โโMiddle: $0.3802
โโLower: $0.3573
โโโ Price is near lower band, indicating oversold condition
MACD
โโDIF: -0.0097
โโDEA: -0.0099
โโMACD: +0.0002
โโโ Minor bullish crossover, potential short-term rebound
๐ ENA Trade Setups
๐ธ Bullish Reversal Setup
โโEntry: $0.3720โ$0.3750 (on support confirmation)
โโTargets: $0.3880, $0.4030
โโStop-Loss: $0.3610
๐ธ Bearish Breakdown Setup
โโEntry: Below $0.3570
โโTargets: $0.3420, $0.3300
โโStop-Loss: $0.3660
โ๏ธ Market Analysis
ENA is in a corrective phase, testing key support around $0.3645
High sell volume and recent price rejection hint at bearish sentiment
However, MACD crossover and proximity to the lower Bollinger Band suggest a possible dead cat bounce if volume shifts
Will ENA bounce off support or break further down?
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