CRYPTONIC

$ENA Approaching Key Support With Potential Reversal Setup

$ENA on the 2-hour timeframe is currently undergoing a corrective phase after failing to maintain momentum near the recent highs around the 0.118–0.120 resistance region. The market initially showed strong bullish expansion, but the rejection from the upper supply zone triggered a sustained decline characterized by a series of lower highs and consistent selling pressure.

The ongoing correction has now pushed price toward the 0.100–0.102 region, which represents a structurally important support area. This zone sits close to the base of the previous accumulation range where buyers previously entered the market before the impulsive move toward the highs. As price approaches this region, the market is likely to encounter increased buying interest.

Current price behavior suggests that momentum to the downside is gradually slowing as the market nears the demand zone. Liquidity beneath the recent lows may still be targeted, which could result in a brief sweep into the 0.096–0.098 area before a stronger reaction develops.

If buyers successfully defend the demand region, ENAUSDT could initiate a recovery phase toward the 0.110–0.115 resistance area, with the broader upside target remaining near the 0.120 region.

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