$ENA experienced a notable long liquidation event, triggering forced selling pressure as leveraged bullish positions were flushed from the market



The liquidation-driven decline has increased volatility and pushed price into a key demand zone where buyers will need to defend support to maintain the broader structure

EP
0.0910 - 0.0930

TP
TP1 0.0960
TP2 0.1010
TP3 0.1080

SL
0.0880

Liquidity was swept below recent support levels, removing excess leverage and creating a healthier market environment

The selloff appears primarily driven by liquidation activity rather than a confirmed bearish trend reversal, making the current support region critical to monitor

As long as buyers continue defending the demand zone and begin forming higher lows, the potential for a recovery toward higher resistance levels remains favorable

A successful reclaim of 0.0960 could attract fresh momentum and open the path toward the next liquidity targets

The leverage reset has cleared weak hands from the market, and traders will be closely watching whether $ENA can rebuild strength from current levels

Let’s go $ENA ‌
ENA0.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned