$ENA Price Analysis: Can the Bulls Regain Control?

#ENA is showing signs of mixed momentum, with the 9 EMA providing slight upward support, but the MACD histogram indicates persistent bearish divergence. This suggests that the recent bullish attempts may face exhaustion. The RSI also reflects a lack of definitive momentum, maintaining a neutral outlook.

Resistance at 1.3008 represents a critical challenge for bulls, while support at 1.1609 and 1.0835 offers key zones for potential reversals. A break below 1.0835 could lead to a bearish continuation, targeting 1.0292. For long trades, entries near support with targets at resistance are optimal. Short positions can focus on resistance zones with exits planned near the lower support levels. #Ethena