Yello, Paradisers! Is #ENS finally shaking off the selling pressure and preparing for a breakout? The price action suggests something big could be brewing!
๐#ENSUSDT is currently forming an ascending triangle pattern after a major correctionโthis is a sign that sellers are losing their grip, and momentum might soon shift in favor of the bulls. But the real battle is just aheadโฆ
๐The critical breakout level stands at $28.80, with the pattern neckline resistance between $28.20 to $28.80 levels. A strong move above this zone would open the doors for a rally towards the moderate resistance at $30.05โ$30.45. However, this region is no jokeโitโs a challenging zone where bulls will need to prove their strength.
๐If buyers successfully break and hold above the challenging zone, ENS could confirm the bullish structure and push towards $33.50โ$34.20 as the first key target. Expect some profit-taking around this level, but if momentum remains intact, the final pattern target of $37โ$38 could be in playโright in line with historically strong resistance zones.
๐On the downside, ENS has reliable support at $26.60, with ascending support between $26.00 and $25.80. These levels should absorb selling pressure in case of a pullback. Below that, a strong base support at $24.40โ$24.00 is developingโwhich is turning the tides in favor of bulls.
Paradisers, as always, patience and precision are key in this market. This isnโt a time for reckless tradesโlet the levels guide you, trade strategically, and stay disciplined.