🚨 ENA Pressure: Sellers Dominate the Market, Downtrend May Continue 📉
Ethena (ENA) is currently in a severe situation. The price has dropped more than 7%, and various technical indicators show that bearish pressure is strengthening.
Key Points:
🔹 Overall Bearish Trend: The price is currently far below MA-20 ($0.1359), MA-50 ($0.1834), and MA-200 ($0.4080). This indicates that selling pressure is absolutely dominant across all time frames.
🔹 Weak Momentum: The MACD and ADX indicators confirm the strength of the downtrend. The daily RSI is at 38.8, close to the oversold zone, but no reversal signals have appeared yet.
🔹 Range Forecast: The expected price range for the next 5 trading days is between $0.1080 – $0.1270.
⚠️ Conclusion: The probability of an upward rebound is less than 20%. Currently, there is a significant downside risk, and it is advised that bullish investors remain cautious.
Do you think ENA will bottom out around $0.10, or will it continue to decline? Share your thoughts in the comments! 👇
