$ENA price, as indicated, reacted after touching the gray area and experienced a 25% decline.

$ENA Price action is currently sitting in the correction zone of the recent drop, which makes this area a potential staging point for another move lower.

A new confirmation on the 15-minute or 1-hour timeframe would provide a clearer setup.

For the bearish structure to shift, the price needs to reclaim the $0.36 level.