The post ENA Technical Analysis Jan 29 appeared on BitcoinEthereumNews.com. ENA is consolidating around $0.17 with short-term bearish pressure dominant. CriticalThe post ENA Technical Analysis Jan 29 appeared on BitcoinEthereumNews.com. ENA is consolidating around $0.17 with short-term bearish pressure dominant. Critical

ENA Technical Analysis Jan 29

ENA is consolidating around $0.17 with short-term bearish pressure dominant. Critical support at $0.1658 and resistance at $0.1720 are today’s key watch levels. BTC’s downtrend is pressuring altcoins; stay alert for quick invalidations.

Short-Term Market Outlook

ENA is trading at $0.17 with a %3.18 drop in the last 24 hours, and the intraday range remained limited between $0.17-$0.18. Volume is at a moderate level of 208.77M$, but downtrend dominance continues. In the short-term (24-48 hours) perspective, the price is positioned below EMA20 ($0.17), giving a bearish signal. Supertrend is bearish and $0.18 resistance is strong. RSI at 41.12 is in neutral territory, not yet approaching oversold. Although MACD histogram is positive, overall momentum is weak. In multi-timeframe (MTF) analysis, there are 11 strong levels on 1D/3D/1W: 1 support/3 resistances on 1D, 1S/2R on 3D, 2S/4R on 1W. This shows the weight of resistances limiting upside potential. No news flow, stay technically focused. Check ENA Spot Analysis for spot, ENA Futures Analysis for futures. Short-term trading is high risk; stop-loss is mandatory.

Intraday Critical Levels

Nearby Support Zones

Immediate support zone at $0.1658 (strength score 63/100), which is 2.7% below intraday lows and could be tested quickly. Second support at $0.17 intraday low (psychological); if broken, momentum accelerates. Invalidation: Holding above $0.1658 weakens the bearish scenario. For scalping, watch the $0.1660-$0.1670 zone; there’s bounce potential with volume increase, but stay cautious due to BTC influence.

Nearby Resistance Zones

First resistance at $0.1720 (score 66/100), near EMA20 and just below intraday highs. A close above it tests $0.18 Supertrend resistance. Volume spike required for breakout, otherwise expect rejection. Scalp zone: $0.1710-$0.1725; be ready for quick rejection. Tight levels: $0.1720 pivot; if not broken, short bias strengthens.

Momentum and Speed Analysis

Short-term momentum is mixed: RSI 41.12 neutral, no divergence; MACD shows slight bullish divergence with positive histogram but trend is down. Speed analysis: Price squeezed between $0.17-$0.18, low volatility (%3 range). Supertrend bearish flip requires above $0.1720. On 4H chart, bearish EMA alignment; on 1H, momentum oscillators (RSI/MFI) stable in the 40s. Volume profile: Consolidation on low volume, breakout needs 250M$+ volume. Risk: Suggest 1-2% stops for sudden spikes, limit position sizing to 1-2% of capital. No acceleration expected in 24-48 hours, range-bound likely.

Short-Term Scenarios

Upside Scenario

Bullish trigger: Hourly close above $0.1720 + volume increase. Target $0.18 (Supertrend), then $0.1893 (score 10/100, low probability). Supportive if BTC breaks $88,566 resistance. Duration: 12-24 hours. Invalidation: Slip below $0.1700. Low probability (%30), scalp opportunities with MACD support but resistances dominate.

Downside Scenario

Bearish trigger: Break below $0.17, target $0.1658 support, then $0.1308 (score 22/100). Accelerates if BTC loses $87,571 support. Duration: 6-12 hours. Invalidation: Hold above $0.1720 pivot. High probability (%60+), downtrend continuation likely. Risk management: $0.1660 stop, quick exit.

Bitcoin Correlation

BTC at $88,122 level with -%1.01 in downtrend, Supertrend bearish. ENA highly correlated with BTC (%0.85+), BTC drop pressures altcoins. Watch: BTC supports at $87,571, $86,781, $86,075; if broken, ENA dragged to $0.1658. Resistances $88,566, $89,418, $90,539; BTC bounce triggers ENA $0.1720. Rising dominance crushes alts, watch BTC.D. In short term, let BTC lead; ENA independent move difficult.

Daily Summary and Watch Points

Today (January 29, 2026): $0.1658 support, $0.1720 resistance main focus. Bearish bias, watch BTC downtrend. Triggers: Break below $0.17 down, break above $0.1720 up. Volume >250M$, RSI <35 oversold bounce. Risk: High volatility, capital at %1 risk. Expect 0.16-0.18$ range in 24-48 hours, MTF resistances limit upside. Watch: 1H/4H closes, BTC levels. Short-term trades carry high risk, manage professionally.

This analysis uses the market views and methodology of Chief Analyst Devrim Cacal.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/ena-intraday-analysis-short-term-strategy-for-january-29-2026

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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