$ENSO has just delivered a strong +29% daily move, but this pump didnât happen randomly. Letâs break the structure down clearly step by step so you understand what really happened.
đ Phase 1: Initial Spike & Heavy Rejection đ
Previously, price made a sharp vertical spike toward the 2.45 region, followed by aggressive rejection. That move created a distribution zone where early buyers took profit, leading to a prolonged cooling phase. After such large volatility expansions, markets usually enter consolidation.
đ Phase 2: Controlled Pullback & Base Formation đ
Following the rejection, $ENSO gradually declined and started forming a rounded base around the 1.05â1.15 area. Notice how volatility compressed and candles became tighter â this signals selling pressure weakening. The lower Bollinger Band flattened, and price began stabilizing instead of making new aggressive lows. This is often the early sign of accumulation.
đ Phase 3: Resistance Reclaim & Expansion đ
Now the key shift: price reclaimed the mid Bollinger Band (around 1.27) and pushed strongly above it with expansion volume. Once that resistance flipped into support, momentum accelerated. The 24h gain of nearly 30% confirms active participation, not just thin liquidity movement. Structurally, this is a transition from correction phase to breakout phase.
ENSO1.998+70.47%đ Current Market Position
Downtrend â Base Formation â Resistance Reclaim â Expansion
Currently in: Expansion Phase đ
đ What Happens Next?
As long as $ENSO holds above 1.40â1.45 support, bullish continuation toward previous supply zones becomes likely. If buyers maintain higher lows and volume stays elevated, upside momentum can extend further. However, after strong expansion candles, short-term consolidation is normal before the next leg.
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