Decoding Enso’s $11mln liquidation: Is 180% weekly surge sustainable?
Enso [ENSO] experienced $11.67 million in liquidations, primarily short positions, leading to a 180% surge over the past week. The token's trading volume increased by 170%, with a notable rise in Open Interest. However, traders are cautioned against buying now due to potential overextension, with key resistance levels identified. A price dip below $1.63 could signal a deeper pullback, while profit-taking is advised for current holders. The overall market sentiment remains bullish, but sustainability is questioned amid Bitcoin's bearish trend.