$ENSO rally didn’t trigger randomly it followed a classic liquidity path where price first revisits old memory zones before price discovery begins. The market has a habit: it pays its debts. That dip phase near 0.70–0.75 was where trapped longs from earlier finally got exit liquidity, clearing emotional overhead supply.

Once those pockets were cleaned, the bid ladder started refreshing. Notice how the move from 0.87 → 1.28 wasn’t just vertical tape it was the market clearing inefficiencies left from the previous distribution cycle. Fast moves usually happen where books were thin during the last selloff.

Now the interesting part isn’t the breakout, it’s the refusal to break back into the old range. When momentum names fail, they fall back into their origin zones. ENSO defended above 1.02 instead, signaling structural retention the crowd now values it higher than before.

Market memory isn’t technical, it’s psychological: what the market is willing to remember and what it’s choosing to forget. ENSO just convinced traders to forget its cheaper version.