$ENA Facing Heavy Sell-Off: Recovery on the Horizon?
$ENA is currently trading at $0.8846, marking a steep 23.37% drop in the past 24 hours. The 15-minute chart shows the price rebounding slightly from its 24-hour low of $0.8637, signaling a potential recovery. Key resistance lies at $0.9100, while immediate support is around $0.8600. Traders looking to capitalize on this movement should consider entering around $0.8800, with a stop-loss set at $0.8500 to protect against further downside.
The RSI indicates oversold conditions, suggesting the sell-off could be slowing. However, caution is advised as bearish momentum remains strong. Watch for volume increases and price stabilization before making further moves.