$ENA /USDT has been showing signs of aggressive volatility over the past 24 hours, swinging between a low of 0.3785 and a high of 0.4490. At the current price of 0.4438, it’s sitting just below the intraday resistance and still holding most of its gains, up over 10% in 24 hours. This kind of sharp movement typically comes from speculation or some short-term hype, not from solid fundamentals. Volume confirms that picture — with over 135M ENA traded against 135M USDT, liquidity isn't the issue, but conviction might be.
Zooming out to the 4H and daily charts, price action suggests $ENA is trying to break out of a consolidation zone, but whether this is a breakout or a bull trap is still uncertain. There’s a visible lack of higher timeframe support forming beneath the 0.42 level. If this upward momentum fades and it loses the 0.43 handle, there’s a real risk of retracing hard toward the 0.39 or even 0.37 levels. The move could be sustainable, but only if ENA can close above 0.45 on volume — otherwise, it’s more smoke than fire. Traders chasing this should be careful not to mistake activity for strength.
