$ENSO Update: Bullish Breakout to $1.58
Enso has completely invalidated the earlier bearish correction, surging over 30% from the $1.20 support zone. This strong bounce confirms that the "Intent" narrative is currently one of the strongest trends in the market.
📊 Market Situation:
Price Action: ENSO is currently trading at $1.58, successfully flipping the previous $1.32 resistance into a new support level.
Momentum: The asset has broken out of its 4-hour descending channel. If it closes the daily candle above $1.60, it officially resumes its macro uptrend.
Volume: 24-hour trading volume remains explosive at over $80M, indicating that this isn't just a "fake out" but has significant buyer backing.
Key Support: The new immediate floor sits at $1.48. As long as it stays above this, the path toward $2.00 remains open.
Immediate Resistance: The next major psychological and technical hurdle is $1.75, followed by the recent local high near $2.37.
🔮 Outlook & Strategy:
Bullish Case: With the RSI climbing back toward 60, the momentum is firmly with the bulls. A breakout past $1.75 could lead to a fast retest of the $2.00+ levels.
Bearish Case: Given the rapid surge, a brief consolidation or "cool-off" back toward $1.45 wouldn't be unusual. The main risk remains profit-taking after such a sharp move.
💡 Strategy: For those who missed the move, chasing at $1.58 is risky. A more conservative entry would be on a retest of the $1.45 - $1.50 zone. If you're already in, trailing your stop-loss to $1.40 protects your gains.
#WhoIsNextFedChair #altcoins #MarketCorrection #USIranStandoff
