Title: ENSO/USDT Market Update: Price Testing Lower Levels as Sellers Maintain Control

Short:

ENSO/USDT is currently trading at 1.307 USDT, showing a 2.97% decline over the last 24 hours. The market is experiencing short-term bearish pressure after failing to hold higher levels near the daily high.

Analysis:

The pair recorded a 24-hour high of 1.357 USDT and a 24-hour low of 1.279 USDT, indicating moderate intraday volatility. Current trading volume remains active with approximately 59.95M ENSO traded and around 78.61M USDT in volume, suggesting consistent market participation.

On the short timeframe, price action has moved below the MA60 level around 1.315, which signals weakening momentum. The chart shows a sequence of lower highs followed by a sharp drop toward the 1.305 support zone, where price is attempting a minor stabilization.

Volume bars indicate periods of selling pressure, especially during the recent downward move. Buyers appear to be defending the area near 1.30–1.305, which may act as a short-term support level. If this level holds, a small recovery toward 1.315–1.320 could be possible. However, continued selling could push the price back toward the 1.29 range.

Key Levels:

Support: 1.305 – 1.290

Resistance: 1.315 – 1.320

Tig 1: Short-term traders may watch for stabilization above 1.305 for a potential bounce trade.

Tig 2: A break above 1.315 could indicate momentum shifting back toward buyers.

Tig 3: If price loses 1.305, the next downside zone may appear near 1.29 where stronger support could develop.