Current Price: $0.6346 (-5.58%)
ENA has slipped into a clear downtrend, with sellers firmly in control after the token failed to sustain above the $0.6600 level. Price is now consolidating near $0.6300 support, a key level that could decide the next major move.
🔎 Technical Outlook
Support Zone: $0.6300 – critical level now under pressure.
Resistance Zone: $0.6500 – strong ceiling for short-term rallies.
Entry Zone: $0.6380 – $0.6440 (ideal area for short positions).
Stop Loss: Above $0.6520.
🎯 Trade Targets
TP1: $0.6250
TP2: $0.6150
TP3: $0.6050 (final target)
📊 Market Context
ENA remains in a steady downtrend after repeated failures to reclaim momentum above $0.6600.
Selling volume is increasing, supporting the bearish case.
A confirmed breakdown below $0.6300 with strong volume could accelerate downside pressure and open the path toward deeper supports.
⚡ Strategy Notes
Safer short entries are likely on minor pullbacks toward resistance ($0.6440 – $0.6500).
Traders should closely watch $0.6300 — a decisive break could confirm a bearish continuation.
Risk management remains essential given ENA’s sharp intraday swings.
💡 Bottom Line
ENA/USDT is setting up as a short opportunity with bears tightening their grip. A break below $0.6300 may unlock downside targets at $0.6250, $0.6150, and $0.6050. Until bulls reclaim $0.6520+, short setups remain favored.