$ENA remains in a strong bearish trend from 0.22 highs.
• Price is consolidating after hitting 0.1215 local bottom.
• RSI (27–35) → near oversold, slight stabilization.
• MACD trying to flatten → selling pressure slowing, but no reversal confirmed.
• Structure still below all major moving averages.
📊 Key Levels
• Support:
• 0.130
• 0.121 (major support)
• Resistance:
• 0.138 – 0.145
• 0.160 (trend reversal level)
🎯 Trade Plan
Range Long (Conservative):
• Entry: 0.125 – 0.130
• Target: 0.138 → 0.145
• Stop Loss: Below 0.120
Short Continuation:
• Entry: 0.145 – 0.150 (if rejection)
• Target: 0.130 → 0.122
🌍 Fundamental View
• $ENA is a DeFi narrative token, but currently suffering from:
• Weak market sentiment
• Risk-off conditions
• Needs BTC strength to confirm any trend reversal.
⚠️ Trend is bearish — counter-trend trades need confirmation.
