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In this analysis, I’ll review ENA, one of the DeFi projects that currently holds a market cap of $3.02 billion, ranking 36th on CoinMarketCap.
📅 Daily Timeframe
First, let’s take a look at the market as a whole — yesterday, some extremely unusual events occurred, which I’ll explain in detail in Bitcoin’s analysis.
✨ For now, the result of these events has been a sharp market decline, which has also affected this coin. ENA has now stabilized below the $0.5 support zone and printed a very long shadow to much lower levels.
🔍 Currently, the price is far below its last major high at $0.8124 and has formed a lower high at $0.6296.
✔️ There was a support zone around $0.5, but since the price has closed below it, the next key support lies at $0.3699.
📊 The final strong support zone is around $0.25, which is considered ENA’s main support level.
💥 For now, it’s better to stay on the sidelines and wait for the market to build a new structure. The recent move was highly emotional and volatile, making it difficult to accurately interpret the market’s behavior at the moment.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I’ll review ENA, one of the DeFi projects that currently holds a market cap of $3.02 billion, ranking 36th on CoinMarketCap.
📅 Daily Timeframe
First, let’s take a look at the market as a whole — yesterday, some extremely unusual events occurred, which I’ll explain in detail in Bitcoin’s analysis.
✨ For now, the result of these events has been a sharp market decline, which has also affected this coin. ENA has now stabilized below the $0.5 support zone and printed a very long shadow to much lower levels.
🔍 Currently, the price is far below its last major high at $0.8124 and has formed a lower high at $0.6296.
✔️ There was a support zone around $0.5, but since the price has closed below it, the next key support lies at $0.3699.
📊 The final strong support zone is around $0.25, which is considered ENA’s main support level.
💥 For now, it’s better to stay on the sidelines and wait for the market to build a new structure. The recent move was highly emotional and volatile, making it difficult to accurately interpret the market’s behavior at the moment.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.