🔷️ $ENA spent months trading beneath the long-standing purple trendline, but recent price action suggests the market is finally attempting to stabilize after the prolonged decline. 📉 Unlike earlier periods where every recovery attempt was met with immediate selling pressure, the latest candles show a noticeable slowdown in downside momentum. 🟣 The purple trendline remains the dominant structure on the chart, while the black support zone continues to act as the area buyers are trying to defend. 🟡 The yellow regions above remain the main barriers standing in the way of a broader recovery. The battle between long-term trend resistance and the newly formed base structure could define ENA's next major move. ⚠️ Not financial advice. #ENA #Ethena #Crypto #Bitcoin #Altcoins