$ENA below 0.18, near support or at the roof’s edge?
$ENA fell 13.99% in 24h, now trading at US$0.1808. The day’s range was 0.1769‑0.2178 and volume reached US$80 M.
The RSI is at 37.2, signaling bearish pressure, and the EMAs (20: 0.20271, 50: 0.20153) indicate a sideways trend. Key support: 0.17565; resistances: 0.18408 and 0.20429.
On Binance futures, funding is -0.0048% every 8 h, open interest fell 15.2% in 24 h (US$89 M), and 65 % of accounts are long. Also moving are $HYPE (+14.4%) and $NEAR (-13.0%).
I wouldn’t enter now; it smells like a trap. Bullish scenario: if it breaks above 0.18408, the next target would be 0.20429; any close below 0.17565 would invalidate the rise. Bearish scenario: a drop below 0.17565 would trigger selling, while holding above 0.18408 rules out a strong rebound.
Will it break 0.18408 or return to 0.17565? 🟢/🔴
#ENA #DeFi
This is not financial advice. Verify before investing.
$ENA fell 13.99% in 24h, now trading at US$0.1808. The day’s range was 0.1769‑0.2178 and volume reached US$80 M.
The RSI is at 37.2, signaling bearish pressure, and the EMAs (20: 0.20271, 50: 0.20153) indicate a sideways trend. Key support: 0.17565; resistances: 0.18408 and 0.20429.
On Binance futures, funding is -0.0048% every 8 h, open interest fell 15.2% in 24 h (US$89 M), and 65 % of accounts are long. Also moving are $HYPE (+14.4%) and $NEAR (-13.0%).
I wouldn’t enter now; it smells like a trap. Bullish scenario: if it breaks above 0.18408, the next target would be 0.20429; any close below 0.17565 would invalidate the rise. Bearish scenario: a drop below 0.17565 would trigger selling, while holding above 0.18408 rules out a strong rebound.
Will it break 0.18408 or return to 0.17565? 🟢/🔴
#ENA #DeFi
This is not financial advice. Verify before investing.
