ENS/USDT indicates the formation of a potential falling wedge pattern. Given the prevailing market sentiment, there's an anticipation of a bullish breakout.
The Major Point of Interest (POI) identified on the chart stands out as a crucial buyback zone, highlighting an area where significant accumulation could occur.
In our assessment, the supply area becomes a primary medium-term target once the breakout materializes. This zone typically transitions into a crucial support level following a breakout.
However, it's imperative to note that the final setup target area necessitates a more thorough analysis. This zone could act as a pivotal point, demanding deeper scrutiny to ascertain the potential future trajectory of the pair.
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