Posted 1/11/2024, 6:00:00 PM
ENS Price Surges 40% to $25, Breaking Long-Term Resistance
- ENS price increased 40% to nearly $25, breaking out of long-term descending resistance in place since January 2022
- Breakout comes after sharp price increase over past 2 weeks
- Weekly RSI above 50 signals bullish momentum
- Wave count suggests ENS is in wave 3 of 5-wave upward movement, but bearish RSI divergence signals a short-term top
- If ENS closes decisively above $24, next target is $40, a 75% increase from current levels