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ENSO followed ETH in a sharp decline and was dragged down, with no positive support to stabilize it. Profit-taking traders seized the opportunity to sell off, causing the price to continue downward. There are no signs of stabilization in the short term, and the bears are fully in control.
The White House crypto summit's positive news has been exhausted, ETH's sharp drop dragged down altcoins, and ENSO was directly pulled into the decline. No one is willing to take over the position.
Technical analysis on the 4-hour chart: MA5 crosses below MA10, KDJ shows a dead cross at low levels, and bearish momentum continues to be released.
First target: 1.17
Second target: 1.06
Stop loss: 1.32
$ENSO $btc