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$ENA /USDT Bearish Breakdown: Is the Bottom Near? 🚨
$ENA /USDT has been in a steep downtrend, with the price dropping sharply from $0.2570 to a current low of $0.1041, marking a loss of over 60%. The recent low at $0.0997 is critical, as the price has just bounced slightly above this level. Volume is significantly low, signaling weakening selling pressure, but if $0.1031 support holds, we might see a slight recovery or consolidation.
Technical Snapshot:
Current Price: $0.1041 (-6.64%)
24H High: $0.1121 | 24H Low: $0.1031
Volume: 115.11M ENA / 12.30M USDT
Key Levels to Watch:
Immediate Resistance: $0.1121
Immediate Support: $0.1031
Potential Buy Zone: $0.1031 if the price holds
What Traders Need to Know: If the price holds above $0.1031, a potential breakout above $0.1121 could trigger a relief rally. However, further declines below $0.0997 may lead to deeper losses. Watch for volume spikes and price action confirmation for a safe entry.
Take Action: Look for a potential bounce if $0.1031 holds strong or consider short positions if the downtrend continues. Tight stop-loss strategies recommended!
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