Volume contraction during a -5.15% drop tells a quiet story.
At $0.1897 with $41.93M in daily volume, $ENA is seeing lighter trading activity as hourly volume sits at 0.87x of its 23-hour average. This slowdown during a downward hourly move of -1.12% suggests selling pressure lacks aggressive participation.
A bullish continuation scenario requires reclaiming the $0.2136 high to confirm renewed buying interest. Conversely, failing to hold the $0.1933 low invalidates the setup and points to continued weakness.
Will buyers step in above $0.2136, or does a drop below $0.1933 signal deeper correction?
Tap $ENA for the live chart. #ENA #BinanceSquare
At $0.1897 with $41.93M in daily volume, $ENA is seeing lighter trading activity as hourly volume sits at 0.87x of its 23-hour average. This slowdown during a downward hourly move of -1.12% suggests selling pressure lacks aggressive participation.
A bullish continuation scenario requires reclaiming the $0.2136 high to confirm renewed buying interest. Conversely, failing to hold the $0.1933 low invalidates the setup and points to continued weakness.
Will buyers step in above $0.2136, or does a drop below $0.1933 signal deeper correction?
Tap $ENA for the live chart. #ENA #BinanceSquare