$ENA ENA Might Drop â ïžđ„ | Bearish Rounded Top Forming đđ»
ENA is showing signs of weakness as a bearish rounded top pattern emerges on the charts đđ. This formation often signals a trend reversal, with sellers gradually overpowering buyers đŒđ.
đ RSI is flattening and rolling over đŻâŹïžâĄïžâŹïž, while the MACD is nearing a bearish crossover đđ» â both pointing toward fading bullish momentum.
đ„ Sell pressure is increasing, with volume spikes on red candles đšđ. Buy volume is declining, a clear sign that bulls are losing control and the market could see deeper downside moves.
đł On-chain data reveals whale distribution in progress đŠđ. Exchange balances are rising đđŠ as tokens move back to exchanges, often a precursor to heavy sell-offs đđŁ.
âïž Market uncertainty remains high â this isnât the time to chase trades blindly. Manage risk wisely, set stop-losses, and wait for confirmation before entering positions â±ïžđ°.
If this rounded top plays out fully, ENA could break key support levels and trigger a sharp bearish move downward đšđđ„.
â ïž Not financial advice â always DYOR đ§ đ