The most interesting setups often appear when the market feels quiet and uncertainty is still hanging over the chart. ENA is trading at 0.1878 in the screenshot, down 0.84 percent over 24 hours.
That weakness could develop into a recovery, but a red daily candle alone does not prove that a reversal is near. I am watching whether buyers defend the recent lows, whether selling volume begins to fade, and whether price can reclaim short-term resistance with stronger participation.
I am also paying attention to the broader DeFi market, stablecoin-related developments, token supply events, and any major changes in derivatives positioning. These factors can influence sentiment, but they need confirmation from price action.
A successful reclaim of resistance could create a recovery setup. Continued lower highs and heavy selling would warn that downside pressure remains active.
EP: 0.1878
TP: 0.19719
SL: 0.18217
These are illustrative levels based on the screenshot price, not verified support or resistance.
The next move belongs to the side that proves its strength. I am ready for the move, but I will not confuse a falling price with a confirmed bottom.
#Fidelity flags Solana concentration risks
