Yello, traders! Are you prepared for what could be a massive move on #ENSUSDT? Let's discuss the latest analysis of #EthereumNameService:
šCurrently, $ENS is gaining momentum at the ascending support line, hinting at a bullish push. If the momentum holds, we might see a strong breakout above the triangle, setting the stage for a significant rally. But here's the kicker: weāre not quite there yet.
šTo confirm a genuine bullish move, we need a clear break above the triangle and the internal supply zone at $22.99. This breakout must be accompanied by solid buying pressureāthink strong engulfing candles and consistent momentum. Without these signs, jumping in early could be costly. Patience is the name of the game here.
šBut what if the bullish momentum fades? If #EthereumNameService struggles to breach the triangle and the $22.99 level, it might signal waning buyer strength, inviting sellers to take control. The critical area to watch is the lower demand zone at $13.22.
šThis historically strong support level could be our last line of defense for bulls. If the price bounces from $13.22, the bullish outlook could stay intact. Butābrace yourselfāa break below $13.22 would invalidate the bullish setup and could trigger a sharp decline.
Stay patient and only act on the best and high probability setups.$ENS