$ENS has made a strong rebound, reaching $44.28, marking a +3.68% gain after recovering from a 24-hour low of $40.43 to a high of $44.39. This sharp bounce reflects strong buyer interest, and it’s a promising sign of bullish momentum.
Key Levels:
Resistance: The immediate resistance is at $44.39. A breakout above this level could drive ENS toward the next resistance at $45.50, with a potential extension toward $47.00. This provides solid upside potential for traders looking to capture further gains.
Support: The key support level is at $43.14. A drop below this level could signal a retest of the $41.68 zone, which may provide another buying opportunity for those looking for a pullback.
Trading Strategy:
Bullish Scenario: If ENS breaks above $44.39, traders could look to enter long positions with targets at $45.50 and $47.00.
Bearish Scenario: If the price fails to hold above $43.14, consider re-entering around $41.68 for a potential bounce.
Outlook:
ENS is showing clear signs of bullish momentum, making it an attractive asset for traders looking to capitalize on short-term gains. Keep an eye on the critical levels of $44.39 for a breakout and $43.14 for potential support.
As always, remember to conduct your own research and use stop-losses to manage risk effectively.