How ENSO defied crypto drawdown with 30% price rebound
Over the past two days, the crypto market has recorded large losses. Bitcoin [BTC] bulls failedto defend the $87k local support, shedding 6.95% from Thursday’s high of $89.3k. The altcoin market has lost 7.98% during this period.
Yet, the $32.2 million market cap L1 token Enso [ENSO] was up 12.57% since the 29th of January. It fell to $1.15, but went against the grain to make a strong rebound on the 30th of January by gaining 51.74% in a day’s trading.
Over the past 24 hours, the altcoin was up 30.8%, and CoinMarketCap data showed a 530% increase in the Enso daily trading volume.
Why the Enso pullback shows bullish health
Source: ENSO/USDT on TradingView
On the 1-day chart, the RSI has cooled down but remained bullish…
