ENJ is trading at -18.91% over 24h with a stark funding divergence at -0.1872%. Typically, a sharp price decline should see funding normalize as longs exit. The deeply negative funding indicates overcrowded short positions aggressively betting on further downside, paying high premiums to maintain leverage. This creates a fragile setup where any stabilization or minor buying pressure can force shorts to cover, triggering a short squeeze and a sharp relief rally back towards mean levels. RSI is at 49.5, showing momentum is stalling, increasing the likelihood of a bounce.