TradeCityPro | ENA: Market Shake-Off and Support Rebuild Zone

👋 Welcome to TradeCity Pro!
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.

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