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ENS Price Nears $34 Zone: Buyers Eye Breakout to $69
The price of ENS is rapidly approaching the crucial support zone at $34. According to market analysts, this development presents a significant opportunity for buyers as it could trigger an upward trend towards $69.
Notably, traders are advised to set stop-loss levels below $29.50 to minimize risks while closely monitoring any potential rebound. In light of recent developments, it seems that the market is presenting a perfect scenario for ENS prices to test higher targets.
The data suggests that if ENS rebounds from this specific area, it could potentially target higher price levels. As such, it’s essential for traders to track immediate resistance at $52.99 and subsequent barriers at $61.45 and $69.08.
In light of these projections, analysts have advised market participants to prioritize setting stop-loss levels below the $29.50 mark, which would mitigate potential losses if the market were to downturn.
Source: cryptonewsland.com
