$ENA has now tagged $0.12 — a level that makes the next move critical.
After losing $0.27, price has respected a bearish flag almost textbook-perfect. The projected max-pain zone around $0.12 is now fully tested following a ~60% correction. At this point, this is no longer just volatility — trading below this area reflects clear structural weakness.
What comes next depends entirely on the quality of the reaction:
• A strong bounce and reclaim above $0.14–$0.15 would signal buyer participation returning and could invalidate the deeper downside scenario.
• Failure to reclaim resistance and continued ranging between $0.10–$0.14 keeps downside risk alive, with $0.06 standing out as the next major downside magnet.
Market is at a decision point. Let price confirm the bias.
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