đ $ENA /USDT â Still Fighting for Life at the Bottom Zone
From this updated daily view, ENA looks like itâs trying to reclaim dignity â but itâs not out of danger yet. Let's get into it:
đ Structure Analysis
After its parabolic blow-off top into January, ENA has formed a classic rounded top > death spiral.
Price has been grinding sideways in the $0.30â$0.35 range since April â forming what could be a long base.
đ§ What This Chart Says:
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Bullish Clues
Today's +10.81% daily candle is breaking above MA-7 ($0.3143) â early signal of local strength.
If follow-through volume comes, the next resistance is at the MA-25 ($0.3570) and the real test lies at MA-99 ($0.35).
â Bearish Warnings
MA-25 and MA-99 are both downward sloping â trend is still bearish by default.
Every previous rally in this zone was rejected hard around $0.36â$0.38.
đ§ Whatâs the Setup?
If this bounce holds:
Above $0.36, short-term traders will jump in.
Above $0.42, trend flip becomes real.
But if bulls fail to hold todayâs gain?
$0.29 becomes a retest level. And below that⊠itâs trouble again.
đź Final Take:
âENA is showing a heartbeat. But for this to become a bullish resurrection, it needs to reclaim the grave it just crawled out of â $0.36+. Until then, itâs a crab walk of chop and cope.â
â ïž DYOR â Do Your Own Research
This is not financial advice. Markets can be volatile â always trade responsibly!