ENS Bulls Eyeing a Breakout—Can They Push Through?
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Yello, Paradisers! Is #ENS finally shaking off the selling pressure and preparing for a breakout? The price action suggests something big could be brewing!
💎#ENSUSDT is currently forming an ascending triangle pattern after a major correction—this 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 ahead…
💎The 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 $30.05–$30.45. However, this region is no joke—it’s a challenging zone where bulls will need to prove their strength.
💎If buyers successfully break and hold above the challenging zone, ENS could confirm the bullish structure and push towards $33.50–$34.20 as the first key target. Expect some profit-taking around this level, but if momentum remains intact, the final pattern target of $37–$38 could be in play—right in line with historically strong resistance zones.
💎On 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 $24.40–$24.00 is developing—which is turning the tides in favor of bulls.
Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.