$ENA – Bullish Base Forming After 0.100 Rejection

I’m watching this because price tested the 0.100 zone and instantly bounced. That level clearly has buyers sitting under it.

Since that reaction, I’m seeing stabilization around 0.103–0.104 with small rotations and higher lows building. Sellers tried to push it back down after the bounce, but momentum faded quickly.

This looks like post-sweep basing.

We had the push into 0.108, then a sharp drop into 0.100 liquidity, and now tight consolidation mid-range. That kind of structure usually forms when positions reset and supply gets absorbed.

As long as price keeps holding above the 0.100–0.101 area, pressure naturally shifts back toward the prior highs. The market already revealed where demand lives.

Right now it feels like accumulation, not weakness.

I’m seeing a market that tried to break down — and couldn’t stay there.