$ENA currency $ENA currency is currently facing selling pressure
ENA is now trading at $0.586 with a decrease of 4.16% over the last 24 hours, hovering between support at $0.5736 and resistance at $0.6231. Technical indicators justify caution:
RSI at 43.06 (sell signal)
MACD and Williams %R support the downward trend
Moving averages (MA50 and MA200) indicate selling pressure
Short-term outlook:
Possible drop to $0.437 (-25.28%) over the month
Positive annual performance (+144.69%) but short-term indicators are negative
Tips for traders:
Monitor the breakout of support at $0.5736 and resistance at $0.6231
Closely watch trading volumes
Exercise caution in light of current indicators
Conclusion:
ENA is experiencing short-term selling pressures despite its strong long-term performance, warranting careful monitoring before any investment decisions.
