Market Overview for ENSOUSDC on 2025-10-31

• ENSOUSDC rose from 1.437 to 1.564 before consolidating, with a 24-hour high of 1.564 and a low of 1.412.
• A bullish reversal pattern formed after a late-night pullback to 1.47, followed by a strong rebound.
• RSI and MACD showed divergences earlier in the day, suggesting potential exhaustion in the short-term rally.
• Volatility expanded sharply during the 2–5 AM ET window, with turnover spiking near the daily high.
• Key resistance appears around 1.52–1.53 and 1.56, with support near 1.48 and 1.45.

Price Action and Volatility

Enso/USDC (ENSOUSDC) opened at 1.437 on 2025-10-30 at 12:00 ET, surged to a high of 1.564, and then retraced to a low of 1.412 before closing at 1.488 at 12:00 ET on 2025-10-31. Total volume for the 24-hour period was 524,983.85, while notional turnover reached $769,596. The price action suggests increased volatility in the overnight hours, with a sharp move higher followed by a consolidation phase.

Structure & Key Levels

The candlestick pattern indicates a potential reversal after the price fell to a low of 1.47 in the early hours of 2025-10-31 and rebounded sharply. A bullish engulfing pattern formed around the 1.48–1.50 range, which could signal a short-term reversal. Key support levels appear to be forming at 1.45 and 1.48, while resistance is likely at 1.52 and 1.56. A successful breakout above 1.56 may suggest further upside, but a failure to hold above 1.52 could trigger a retest of the 1.45 support zone.

Indicators and Momentum

RSI showed overbought conditions during the late-night rally to 1.564, with values approaching 70, indicating potential exhaustion. MACD turned positive as the price surged, but a bearish divergence appeared in the early morning as price continued higher but the MACD histogram contracted. The 20-period and 50-period moving averages on the 15-minute chart crossed to the upside during the rally, suggesting a potential shift in momentum. However, the price has since pulled back slightly, indicating that the move may not be fully confirmed.

Bollinger Bands expanded significantly during the volatile overnight hours, with the price reaching the upper band at 1.564. The recent pullback has brought the price closer to the mid-band, suggesting a potential consolidation phase. A break above the upper band again may indicate a continuation of the upward move, but a drop below the mid-band could trigger a retest of the lower band around 1.45.

Fibonacci and Key Retracement Levels

The 15-minute swing from the low of 1.47 to the high of 1.564 corresponds to a 61.8% retracement at around 1.523 and a 38.2% retracement at 1.506. These levels are currently being tested. A break above 1.523 could target 1.56, while a breakdown below 1.506 may trigger a retest of 1.48. On the daily chart, the 50-day moving average appears to be a key level for near-term support or resistance.

Backtest Hypothesis

Given the recent price behavior, a potential backtesting strategy could focus on detecting Bullish Engulfing patterns on the 15-minute chart, particularly in the context of strong volume and momentum. A valid signal would require a clear engulfing candle after a consolidation or pullback, confirmed by a rebound above key Fibonacci or moving average levels. Once a signal is confirmed, a 24-hour holding strategy could be tested using historical data from 2022-01-01 to the present. This would help assess the robustness of the pattern in different market conditions and determine its profitability potential when applied systematically.