Ethena (ENA) slides below $ 0.30 with a significant signal signal

- ENA decreased by 8.13 % to $ 0.2929, with a sharp decrease in trading volume by 41.31 %.
- The maximum market decreased to $ 1.62 billion, while TVL was held at $ 5.25 billion
ENA was traded at $ 0.2929, Signs Daily 8.13 % decrease. The market ceiling decreased by 8.24 %, up to $ 1.62 billion. With 24 hours trading volume of $ 100.6 million, Ena activity decreased sharply by 41.31 %.
Despite the recession, the maximum rate of its market was held by 6.06 %, hinting on the continuous interest, albeit weaker, and trading. The entire distinctive symbol assessment amounted to $ 4.39 billion, while the offer circulated at 5.55 billion ENA out of a total of 15 billion. TVL of Ethena reached $ 5.25 billion, while maintaining the market ratio to TVL at 0.3117.
Will you wear?
Currently, Ena is trading under severe pressure. Another chart appears for four hours, dumping momentum. The price broke out less The level of $ 0.30, is now working as an immediate resistance.
If Ena fails to restore it, it risk declining to the next support near $ 0.285. The collapse of less than $ 0.285 can open the door for more losses about $ 0.270. On the contrary, if buyers regain control and pay to $ 0.30, the following resistance is about $ 0.325, a previous central area.
RSI is 33.46, indicating the sale conditions. However, the average of the 14th period of 41.05 remains higher, indicating that the Haboodi power has not been completely exhausted. Unless the RSI rises above 40, the downward pressure may continue.
At the same time, CMF appears to read -0.06. This confirms that the capital continues to get out of the market, which supports the issue of the broader landing. Moving averages enhance caution. There is no short -term rising cross in the short term. EMA 9-Petros crossed under 21 periods of EMA last week, while maintaining a landing cross.
Ethina faces a technical strain. The loss of the main support areas is in line with the deterioration of feelings on the chain. However, the relative strength indicator that hovers near Opeology and CMF is slightly lower than zero indicates that temporary or reversal suspension may occur if the volume is returned.
However, the lack of the upscale intersection warns of the main issue. Unless Ena recalls $ 0.30 decisively and breaks the level of $ 0.325, the momentum prefers sellers. Participants in the market must monitor the size and RSI movements.
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