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ENA suddenly surged, and the market exploded! At 4 PM, a co-founder of a major exchange directly announced: It’s time for ENA to break $1. This guy is known for his influence in the circle; his words immediately attract follow-up funds. The 4-hour chart shows nine consecutive bullish candles, and short-term enthusiasm skyrocketed.
Is it this big shot creating the hype, or has the technical setup been brewing for a while? We need to see clearly.
**The news side is indeed powerful this time**
A top influencer in the circle publicly endorsing has instantly ignited market sentiment. Attention skyrocketed, FOMO kicked in, and the short-term outlook is definitely bullish. But remember one thing: a big influencer speaking doesn’t mean the market will skyrocket overnight. Such emotion-driven surges are like roller coasters—those chasing the high should be prepared to get shaken off. When the hype subsides, the pullback and sharp declines are often the harshest.
**Technical analysis looks strong, but be cautious**
BOLL bands have broken above the upper band, opening upward and fully locking in a strong zone. MACD has already formed a golden cross, with the red bars continuing to expand, indicating bullish momentum looks good. RSI also supports this judgment. From a technical perspective, the trend is indeed bullish. But the easiest trap to fall into now is chasing the high, especially when the news is so hot—people’s minds tend to get chaotic.
The market isn’t wrong; just don’t get blinded by the hype.