$ENSO Current Market Situation: ENSO continues its impressive multi-day rally, gaining another 69% today. Its decentralized liquidity aggregation narrative is gaining traction as DeFi volumes hit new yearly highs.

Experienced Trader Insight:
"ENSO is exhibiting what I call a 'momentum snowball.' After a 34% gain yesterday, today’s 69% surge suggests a squeeze of short positions. The price action is currently parabolic. Traders should note that while the trend is strong, the distance from the 20-day SMA is widening, which often precedes a healthy cooling-off period."

Realistic Prediction:

Bullish: Continued volume growth could push ENSO toward its previous all-time high.Bearish: Profit-taking at current levels could trigger a sharp pull-back to the $1.80 support zone.Consolidation: Likely to form a bull flag between $1.95 and $2.15 before the next leg up.

#ENSO #DeFi #BinanceSquare #MarketUpdate #CryptoTrading

ENSOUSDT

دائم

1.3851

-24.29%