Old Shen from the crypto world says about ENA: Is this drop a "digging pit" or "cooling off"? $ENA
Brothers! ENA is now $0.217, directly breaking below the $0.22 mark! Let's first look at the technicals—The candlestick has slid from a high of $0.2935 all the way down to $0.2108, a drop of over 28%, clearly indicating that the main force is dumping shares! But don't panic, there is strong support around $0.2108, and a short-term rebound might be possible!
Trading volume is 13.32 million, with an estimated transaction of 16.08 million. The increased volume indicates fierce competition between bulls and bears. RSI1 is at 49.66, still in the balance zone, but RSI3 at 35.26 is already approaching the oversold zone, suggesting that this drop might be nearing its end!
In terms of market cap, the opening was $0.2178, the closing was $0.2169, with a decline of 0.41% and a fluctuation of 0.73%—is this volatility even more stable than the price of cabbage at the market? But don’t be fooled by appearances! Both MA5 and MA10 have turned downwards, indicating that the medium-term trend remains bearish!
Old Shen's personal opinion: Now is not the time to catch the bottom! Wait until RSI3 breaks below 30 to enter, or wait until it stabilizes above the $0.24 resistance level! Remember—making money in the crypto world doesn't rely on being bold, but on being patient! Once the direction is clear, Shen Wansan will guide the fans! At that time, real-time notifications will be sent out, and new fans can find Shen Wansan at #币安聊天室🚀 ; I will reply to everything I see!
