$ENSO
$ENSO Analysis: Is a Major Breakout Brewing? 🌀
Enso ($ENSO) is catching eyes today as it shows signs of a strong recovery. After hitting a recent low of $0.54, the price has surged significantly and is currently testing key levels.
Market Overview:
Current Status: $ENSO is showing a massive 24-hour recovery, trading between $0.85 and $1.17 depending on the exchange liquidity.
Support: Strong demand has formed around the $0.65 - $0.72 zone. As long as the price holds above this, the bullish structure is intact.
Resistance: The major hurdle is at $1.28. A daily close above this level could clear the path for a retest of $1.75 - $2.50 in the midterm.
Technical Insight:
The 4-hour chart shown ENSO breaking out of a downward channel with high volume—a classic bullish reversal signal. The RSI is currently high, so watch for a short-term retest of the breakout zone (around $0.90) before the next leg up.
Why the hype?
With over $17 Billion in settled on-chain value and its growing integration within the ecosystem, ENSO is positioning itself as a key infrastructure play.
Trade Idea: * Entry: Near $0.85 - $0.92 on a pullback.
Target: $1.25, $1.50, and $2.10.
Stop Loss: Below $0.70.
What’s your price prediction for $ENSO? Moon or retest? Let's discuss below! 👇
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