$ENSO didn’t rally because buyers rushed in it rallied because price escaped a fatigue zone. For a long stretch, candles kept overlapping, momentum was dead, and volatility dried up. That’s usually where weak hands exit and strong hands wait. The lift from ~1.15 wasn’t gradual; it was decisive, which tells you liquidity below was thin.

The sharp pullback from 1.88 isn’t weakness either it’s the market testing commitment. As long as ENSO holds above the breakout base, this move looks more like re-pricing than a one-off pump.