As of now, ENA is trading at approximately 0.5637 USD, with a critical support level at 0.4832 USD. The negative Balance of Power (BoP) and funding rates indicate that selling pressure is dominating, foreshadowing potential further losses.
The recent downward movement of ENA reflects a wider bearish sentiment in the market. Unless significant buying interest is observed, projections suggest ENA may drop towards 0.48 USD, while a rebound could bring its price back up to 0.64 USD.
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