{"content":"$ENA ENA Forms Bearish Double Top ⚠️📉 | Sellers Tighten Grip 🐻 ENA is flashing a classic bearish double top pattern on the charts 📊🚨 — a formation that often signals a trend reversal from bullish to bearish. After testing resistance twice and failing both times, the token is now under heavy selling pressure, with traders bracing for a potential deeper correction. 📉 Technical breakdown shows ENA peaked at nearly the same price level twice before retreating 📐📊. This symmetry, combined with declining volume on the second rally, suggests bulls have lost their momentum. The neckline support is now the critical level to watch 📏🔑 — a breakdown here could confirm the double top and trigger further downside. RSI readings remain in a downward trend 🎯🔻, while MACD has crossed into bearish territory 🔄🚨. 💼 On-chain indicators are turning cautious. Exchange inflows for ENA are increasing 📈🏦, a sign that more holders might be preparing to offload positions. Whale wallets 🐋📦 have shown reduced accumulation, a pattern seen before significant drops in major tokens like BTC 🪙⚡, ETH 💎📊, and SOL 🏎️🔥. Liquidity pockets are thinning, increasing the potential for sharp moves if sell pressure spikes. 📢 Across social channels, sentiment is cooling fast. On X (Twitter), hashtags like #ENA, #BearishMarket, and #DoubleTop are trending 📉🚨. Chart analysts are posting overlays highlighting the neckline zone, warning that a breakdown could accelerate losses. ⚡ Market context is also weighing on ENA. Weakness in the broader altcoin sector means any technical breakdown could see amplified selling. If Bitcoin continues to struggle, this correlation risk could drag ENA down faster than expected. 💬 From a psychological standpoint, double tops often act as a clear bearish signal, prompting traders to exit positions or flip short. In risk-off markets, liquidity tends to rotate toward stablecoins 💵🛡️ or higher-cap assets, leaving mid-cap tokens like ENA more exposed. {spot}(ENAUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/15/b5fb2751e82d14ad2b42fa4f16798e1f.jpg"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}