$ENA /USDT Technical Analysis & Outlook
$ENA is currently trading around $0.1096, down nearly 8% in the last 24 hours. On the 1-hour chart, the trend is clearly bearish. Price is trading below the MA(7), MA(25), and MA(99), confirming strong downward momentum.
The RSI (6) is near 7, which shows the coin is in a heavily oversold zone. This could lead to a short-term bounce, but the overall structure still favors sellers unless price reclaims the $0.114–$0.118 resistance area.
Key Levels:
Support: $0.1090 – $0.1050
Resistance: $0.1140 – $0.1180
Latest Sentiment: There is no major bullish news driving momentum right now. Market sentiment appears weak, and volume shows selling pressure increasing.
Future Outlook: Short term: Possible relief bounce due to oversold RSI.
Mid term: Still bearish unless strong breakout above resistance.
Risk remains high — manage position size carefully.#ENA #StrategyBTCPurchase #crypto