Recently, the price of ENA coin has experienced a significant rise, attracting widespread attention in the market. Starting from August 4th, the price of ENA climbed from $0.51 to over $0.64, with an increase of more than 25%. This rapid upward trend has raised questions among investors about whether they missed the opportunity to get on board.

However, after reaching the peak, ENA quickly entered a correction phase, currently oscillating around $0.57. The market shows a pattern where there is short-term profit-taking pressure above and some support below.
From a technical analysis perspective, this wave of rise does not seem to be a naturally occurring pump, but rather more like a planned control behavior. The significant increase in trading volume indicates that there may be large funds operating behind the scenes, rather than mere retail participation.
It is worth noting that although the main funds seem eager to push up prices, they have not immediately taken action to dump the market, which may imply further market movements to come.
Another detail worth following is that the popularity of ENA in DeFi-related concepts is rising again. Some funds are rotating back into this field. If favorable news or an overall market rebound can be superimposed, ENA may have another opportunity to rise.
However, investors need to be cautious and closely follow market trends. In the cryptocurrency market, price fluctuations are often dramatic and difficult to predict. It is advisable for investors to thoroughly understand the project background, market environment, and weigh the risks before making any investment decisions.
The current cryptocurrency market is at a critical juncture, where various factors could have a significant impact on coin prices. Whether it is the macroeconomic situation, changes in regulatory policies, or technological innovations, all could become key factors affecting the future trend of ENA. Investors need to remain vigilant and adjust their investment strategies at any time.