Decoding Enso’s $11mln liquidation: Is 180% weekly surge sustainable?
Enso (ENSO) experienced $11.67 million in futures liquidations in 24 hours, with 70.7% being short liquidations, indicating a major short squeeze. The token surged 38.3% in a day and 180% over the week, with a 170% increase in trading volume. Open Interest rose 70%, suggesting the rally was derivatives-driven. Analysts warn the market may be overextended, advising profit-taking. Key resistance lies at $1.992–$2.785, while a drop below $1.63 could signal a pullback toward $1. The overall bias remains bullish, but sustainability depends on broader market conditions like Bitcoin's momentum.
ambcrypto01/26 03:02
