ENS Coin Analysis – Medium-Term Timeframe (Short to Medium Term)
General Trend:
The price is moving in a sideways range between the support and resistance levels, indicating a state of market volatility awaiting a clear breakout in either direction.
Current Resistance:
Located between $24.30 – $25.00, this is a strong rejection area, where clear selling pressure has emerged upon testing.
Current Support:
Ranging between $18.40 – $19.60, it has previously formed a base from which the price has bounced several times, reinforcing its strength as a potential buying area.
Upcoming Expectation:
If the rejection from resistance continues, the price is likely to return to test the support area. If the support holds, we may see a new bounce towards the resistance or even a breakout if buying liquidity increases.
Trading Opportunity:
Buy: From the support area ($18.40 – $19.60)
First Target: $23.50
Second Target: $25.00
Stop Loss: Below $18.00
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