$ENA still under pressure — but is the market preparing for a reversal? 👀
On the 4-hour chart, $ENA continues to move within a steadily declining channel: the price has dropped to $0.2610, losing about 8% on the day and still within the local minimum zone, where the asset has recovered multiple times in November. The $0.255–$0.260 level is currently a key support threshold, and the first strong resistance zone is around $0.29 — this is where previous reversal candles were located.
Trading volume is decreasing, indicating that selling pressure has waned. The "step down" pattern is gradually shifting to a sideways trend, and if ENA maintains above $0.26, the probability of a local reversal of 35-40% in the coming days seems quite realistic. However, if the price breaks below this level, it will head towards $0.235 — the lower boundary of the declining corridor.
For the TON DeFi ecosystem, ENA remains an interesting asset: this token is being actively discussed by traders in the context of strong market volatility and increasing interest in derivative products and stablecoin mechanisms.
