$ENA is showing a macro double bottom formation after reclaiming the $0.50 support and rallying nearly +70% from the lows.

Strong rejection seen near $1.3, aligning with previous resistance zone

Next major resistance sits around $1.5 — a key level to break for trend reversal

As long as $0.50 holds, structure remains bullish on the higher timeframe

Losing $0.50 would invalidate the setup and reopen downside risk