TECHNICAL ANALYSIS $ENA JULY 8

The general Daily and H4 trends are showing bearish.

Looking at the candles from June 2024 until now, it seems like they have been released according to the market.

Currently the price is approaching the $0.3 demand zone. If the price reacts and confirms the increase here, there will be a high possibility that there will be a recovery wave in H4 to the daily zone.

But if this zone cannot be maintained, the price may fall further and the bottom cannot be determined.

With the current situation of $BTC decreasing, it is not too difficult to understand that $ENA continues to decrease.

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