Crypto:
34170
Bitcoin:
$87.684
% 0.36
BTC Dominance:
%60.6
% 0.17
Market Cap:
$2.88 T
% 0.24
Fear & Greed:
46 / 100
Bitcoin:
$ 87.684
BTC Dominance:
% 60.6
Market Cap:
$2.88 T

ENA at a Critical Resistance: Will a Breakout Occur?

Ena

ENA has faced rejection from the bearish FVG (Fair Value Gap) zone on the 4-hour chart, indicating continued selling pressure. For ENA to resume its upward momentum, it must reclaim this zone. Otherwise, the price may retest lower support levels.

The most critical support level right now is $0.397. This area could act as a strong demand zone where buyers step in, potentially pushing the price higher. If ENA holds this level, a move back toward the FVG zone could be seen. However, losing the $0.397 support could trigger further downside.

Possible Scenarios for ENA

In a bearish scenario, breaking below $0.397 would bring $0.38 into focus as the next key support. If this level fails to hold, selling pressure could intensify, leading to a deeper correction. Thus, $0.38 is a critical level in a potential downward move.


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On the other hand, if ENA finds strong buying pressure at $0.397, a bounce toward the FVG zone is likely. A successful breakout from this zone would increase bullish momentum, potentially pushing ENA toward the $0.46 – $0.48 resistance range. A confirmed breakout above this area could signal a stronger uptrend.

Ena
Ena/Usdt 4-Hour Chart.

The $0.397 level remains a crucial support zone for ENA. Holding this area could lead to a potential recovery toward FVG and possibly higher resistance levels. However, a breakdown could trigger a drop toward $0.38, increasing the risk of further downside.


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