As of December 29, 2024, the ENSO coin is showing signs of moderate recovery following a period of high volatility. After hitting an all-time low earlier this month, the token is currently attempting to stabilize within a defined trading range.
Price Snapshot
Today, ENSO reached a maximum high of $0.8167, testing a key resistance level as bullish momentum picked up in the early trading hours. On the downside, it touched a daily low of $0.6986, which has recently acted as a sturdy support floor for short-term holders.
Trading Signal & Analysis
The current signal for ENSO is Neutral to Slightly Bullish.
The Relative Strength Index (RSI) is hovering around 47, suggesting that the coin is neither overbought nor oversold, leaving room for upward movement if volume continues to climb. While the 50-day moving average is sloping upward—a positive sign—the 200-day average remains a hurdle, indicating that a true long-term breakout hasn't quite arrived yet.
Entry Strategy: Consider entering on a dip toward the $0.70 support zone.
Target Levels: Watch for a clean break above $0.82; a sustained close above this could open the door for a rally toward $1.05.
Risk Note: Keep a tight stop-loss below $0.65, as a drop past this level could signal further correction toward previous lows.
