- Enso breaks above $1.77 Supertrend resistance and reclaims $2.90 after surging nearly 10% in the past 24 hours on infrastructure momentum.
- Open interest jumps 62.59% to $128.74 million while volume spikes 298% to $1.29 billion, confirming aggressive positioning into the breakout.
- Chainlink CCIP production integrations and a UK solar-storage project financial close fuel the rally, though 80% unlocked token supply poses dilution risk.
Enso price today trades near $2.93, up 9.75% in the past 24 hours after breaking above critical resistance that capped rallies since early February. The move places the token in a confirmed uptrend as buyers reclaim multi-month highs on the back of real-world infrastructure deployments and technical momentum.
Chainlink Integration And Renewable Energy Catalyst Drive Rally
The breakout follows two major catalysts. Enso’s blockchain infrastructure went live with Chainlink CCIP production integrations, enabling deterministic cross-chain execution distinct from traditional token bridges. According to industry reports, Enso has supported over $17 billion in on-chain volume through 145 enterprise products, attracting attention from projects like Berachain and Monad.
The second catalyst came from Enso Energy’s financial close on a 78-MWp solar-storage project near Doncaster, UK, in partnership with Cero Generation. The project pairs solar generation with storage infrastructure to address grid stability and renewable energy intermittency, aligning with global projections of over 600 GWh in energy storage installations by 2030.
When dual catalysts from both blockchain infrastructure and renewable energy converge, it creates a narrative that appeals to both crypto traders and infrastructure investors. The combination drove speculative momentum and actual enterprise adoption, pushing price through resistance.
Rounding Bottom Breakout Targets $3.50 To $5
ENSO Price Action (Source: TradingView)The daily chart shows Enso completing a rounding bottom formation after consolidating between $0.69 and $1 for over two months. The breakout above $1.77 Supertrend resistance and the Parabolic SAR flip to $1.39 confirm the trend has shifted bullish.
The token is now trading above both the Supertrend and SAR levels, a structure that typically supports continuation during strong trends. The descending trendline that capped rallies since October has been decisively broken, opening the door to a retest of the $3 to $3.50 zone.
Key levels now:
- Immediate support: $2.50 to $2.30
- Supertrend support: $1.77
- Major demand zone: $1.39 (Parabolic SAR)
- First resistance: $3 psychological level
- Bullish target: $3.50 to $5
Bulls targeting $3 to $5 by 2026 have a clear path if the current momentum holds. However, the risk of dilution from 80% unlocked token supply remains a bearish concern that could cap upside or trigger profit-taking once resistance zones are reached.
Derivatives Surge Confirms Aggressive Positioning
ENSO Derivative Analysis (Source: Coinglass)Open interest exploded 62.59% to $128.74 million, signaling that traders are adding leveraged positions into the breakout rather than closing them. Volume spiked 298.77% to $1.29 billion, confirming active participation across both spot and derivatives markets.
The long/short ratio on Binance sits at 1.02 for 24-hour accounts and 0.64 for top traders, showing relatively balanced positioning despite the rally. This differs from typical parabolic moves where leverage skews heavily to one side before reversing. The balanced ratio suggests room for further upside if momentum continues.
4-hour and 24-hour liquidation data shows $916.52K in total liquidations, with shorts accounting for $788.68K. The flush of short positions removed resistance and cleared the path for buyers to push through the $2 to $2.50 range that acted as a ceiling for weeks.
Outlook: Will Enso Continue Higher?
The next move depends on whether Enso can hold above $2.50 and convert the $3 psychological level from resistance into support.
- Bullish case: Enso holds $2.50 and closes above $3 with sustained volume. That confirms the breakout and opens the door to $3.50 and eventually $5 as infrastructure adoption accelerates.
- Bearish case: A rejection at $3 followed by a close below $2.30 invalidates the breakout and exposes the Supertrend support at $1.77. Losing that level returns the token to the rounding bottom consolidation range.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/enso-price-prediction-bulls-target-5-after-ccip-catalyst-ignites-breakout/
