ENA (EON) Price Prediction: Whales Unstake 12.16M Tokens, Setting the Stage for Potential Bullish Continuation

A technical analysis recently posted on TradingView by Rose Premium Signals shows a typical cup-and-handle formation on the daily chart from mid-2024 up to May 2025.

Cryptocurrency ENA is currently trading at around $0.3535, with a 24-hour trading volume of $346.14 million and a market capitalization of about $2.05 billion. In the past 24 hours, ENA has seen a decline of about 7.83%, and over the week, it has fallen by 17.51%. However, on a monthly basis, ENA has shown strong growth, jumping by a staggering 23.89%.This sensitivity to volatility and external markets hints at latent upward potential for ENA in the short term.

ENA Bullish Continuation Signals And Targets

A technical analysis recently posted on TradingView by Rose Premium Signals shows a classic cup-and-handle formation on the daily chart from mid-2024 to May 2025. This structure, usually indicating bullish continuation, depicts ENA's fall from $1.40 in July 2024 to a low point of around $0.2315 in December 2024. It then describes a subsequent rally to approximately $0.8049 in March 2025, followed by a resting period known as the "handle," with a suggested long entry point near $0.2315 in May 2025.

Targets based on this pattern are $0.8049, $1.0849, and $1.395, which predict massive returns of over 300% from the entry point. The analysis recommends a stop-loss level for risk management at $0.2315.

Whale Investor Unstakes 12.16M Tokens

About six hours ago, a prominent whale investor, "0xb7d," unstaked and transferred 12.16 million coin tokens, valued at approximately $4.42 million, to the Binance exchange. This action signals a strategic choice to sell a major portion of their investments.

This trade is likely closing out a three-month short in ENA by the whale with an approximate loss of $817,000, or about 13.1%. Such significant moves by large holders can have their own impact on sentiment and influence short-term price action.