ENA Price Faces Bearish Channel Pressure as Sellers Maintain Market Control

ENA remains confined within a descending channel, signaling sustained bearish pressure as bulls fail to reclaim the $0.55 resistance zone.

Analysts note that weak momentum and fading volume continue to favor sellers, with support near $0.41 offering only temporary relief.

If bearish control persists, ENA could retest $0.36 and potentially decline toward the $0.30–$0.28 range amid weakening buyer confidence.

The price of $ENA remains under clear downward pressure as selling momentum continues to dominate the daily chart. Despite a brief pause near support, the broader trend still favors the bears.

Descending Channel Restricts ENA’s Price Recovery

Analyst Marcus Corvinus (@CryptoBull009) noted that $ENA is trading within a descending channel, indicating continued weakness in market sentiment. The token is currently hovering around $0.41, showing signs of temporary stabilization near the lower boundary of the channel.

This area may prompt a short corrective rebound toward the $0.46–$0.52 range, coinciding with the upper trendline and the 200-day EMA. However, Corvinus emphasized that the overall outlook remains bearish, with limited potential for a strong recovery unless the price closes firmly above $0.55.

Repeated lower highs confirm the presence of strong selling pressure, while fading trading volume during rebounds reflects weak buyer participation. According to Corvinus, if bears reclaim control, $ENA could resume its downtrend toward $0.36, with deeper targets between $0.30 and $0.28 if support fails.

Loss of Key Support Deepens Bearish Sentiment

Market analyst Umair Crypto (@Umairorkz) pointed out that $ENA recently lost its $0.46 support level following a failed attempt to retest the 200-day SMA. The price briefly moved above the RSI trendline but could not maintain its position above RSI 50 or sustain a close above the 200SMA.

This technical failure resulted in a 22% decline from $0.47 to $0.37, reinforcing the strength of the prevailing bearish momentum. Umair observed that the token is now resting near the last range point of control (POC), but volume trends show waning interest among buyers.

He added that during bearish phases, consolidations above support often precede further breakdowns rather than reversals. If this pattern persists, the next key zone may lie between $0.29 and $0.30, aligning with the value-area low of the previous trading range.

Downtrend Persists Despite Temporary Support Stabilization

The broader chart structure of $ENA/USDT continues to indicate weakness, with market sentiment leaning heavily toward sellers. Short-term relief rallies remain possible, yet these have shown limited strength, often fading near moving average resistance zones.

Momentum indicators suggest that selling pressure dominates most attempts at recovery, while declining volume reinforces the lack of bullish conviction. Until the price breaks above the descending channel and sustains momentum, the bias remains bearish.

With both technical analysts maintaining cautious tones, the outlook for $ENA remains weak. Temporary support may offer minor rebounds, but the dominant trend continues to point toward further downside risks.

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