📉 ENJ/USDT Under Pressure — Is a Bounce Coming?
has dropped significantly from $0.0740 and is now trading near the $0.0580 level, showing clear signs of bearish momentum.
The current structure reflects lower highs and lower lows, indicating that sellers are still in control of the market.
🔍 What’s happening?
👉 The price faced strong rejection at higher levels and experienced continuous selling pressure. Profit-taking and weak buying volume have contributed to this decline.
📊 Key Levels to Watch:
🔽 Bearish Scenario:
If ENJ breaks below the $0.0570 support, further downside toward $0.0550 or even $0.0520 is possible.
🔼 Bounce Scenario:
If the current support holds, a short-term relief bounce could push the price toward $0.0605 – $0.0630.
⚠️ However, this would likely be a temporary move unless strong buying volume returns.
💡 Final Take:
The trend remains weak in the short term. Traders should wait for confirmation before expecting a full reversal.
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