$ENA ENA Maintains Bearish Downtrend as Selling Pressure Persists

Ethena (ENA) is demonstrating a clear bearish continuation pattern, characterized by a sustained series of lower highs and lower lows that confirms selling pressure remains in control of its price action. The asset has broken below and struggles to reclaim previous support levels, which now act as resistance, reinforcing the negative momentum. For the trend to reverse, a significant shift in market sentiment or a high-volume breakout above a key declining resistance zone would be required. Until such a catalyst occurs, ENA's path of least resistance points toward a continued test of lower support levels.$PIPPIN $POWER

ENA

0.2483

-10.10%