ENA is currently approaching our 88.6% Fibonacci retracement level around $0.1559, which aligns with our marked buy zone. The overall structure remains bearish, with price continuing to form lower highs and lower lows after rejecting the $0.2850 resistance.
I'm looking for a potential reaction around this area, where price could establish a temporary low before attempting a bullish reversal. A successful bounce could open the door for a move towards $0.2850, our previous high.
However, if the buy zone fails to hold, the next major support sits around $0.1338.
ENAUSDT
Perp
0.15297
-0.88%
