$ENA

Eyes $1 as Small Whales Accumulate — My Take

$ENA has been catching my eye lately. On the daily chart, it held the $0.62 support level and rebounded strongly, while 15-minute candles show consistent accumulation above $0.70. Order flow indicates clusters of $10k–$50k trades, suggesting smaller whales are steadily building positions rather than diving in all at once.

This move picked up momentum following Powell’s recent speech, where he signaled rate cuts starting in September. That announcement boosted risk assets, and ENA responded with a clean upward push. Coupled with whale activity, the timing added extra strength to the rally.

Buying pressure is outweighing selling, which explains why price has remained steady after the breakout. This doesn’t appear to be a one-off spike—the chart structure hints at continuation. If momentum persists into September, reaching $1 seems achievable.

I’m avoiding heavy leverage due to rapid market swings, but with Powell’s supportive tone and ENA’s strong technicals, this is a setup I’m watching closely.