$ENS If you’ll notice something important, price is sitting right back at that major long-term trendline support around the 6–7 zone.
This isn’t a random level. It’s a descending base that has been respected for years. Every time ENS has compressed into this region, it has eventually built a base and produced a strong upside move. This time, we saw a sharp wick below the level followed by a quick reclaim. That kind of move usually signals liquidity was taken and buyers stepped in aggressively. On top of that, weekly RSI is sitting near oversold territory, historically where reversals begin and momentum shifts upward. As long as ENS continues holding this trendline on weekly closes, the path opens toward $13. This isn’t just support, it’s a high-probability accumulation zone. Now the question is: are we witnessing the early stages of the next expansion? DYOR, NFA #ENA #CryptoTrading
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$ENS If you’ll notice something important, price is sitting right back at that major long-term trendline support around the 6–7 zone.
This isn’t a random level. It’s a descending base that has been respected for years. Every time ENS has compressed into this region, it has eventually built a base and produced a strong upside move.
This time, we saw a sharp wick below the level followed by a quick reclaim. That kind of move usually signals liquidity was taken and buyers stepped in aggressively. On top of that, weekly RSI is sitting near oversold territory, historically where reversals begin and momentum shifts upward.
As long as ENS continues holding this trendline on weekly closes, the path opens toward $13.
This isn’t just support, it’s a high-probability accumulation zone.
Now the question is: are we witnessing the early stages of the next expansion?
DYOR, NFA
#ENA #CryptoTrading