Market Overview for ENSUSDT on 2025-08-02

• ENSUSDT declined 3.7% over the last 24 hours, closing at $24.94 after a sharp drop from $25.29.
• Key support at $24.86 and resistance at $25.68 identified from 15-minute swing levels and Fibonacci retracements.
• Volume spiked during the downturn, with a large 15-minute candle at 22:30 ET printing a 5.9% drop.
• RSI entered oversold territory below 30, suggesting short-term potential for a rebound.
• Bollinger Bands widened during the sell-off, indicating increased volatility and potential consolidation ahead.

Ens (ENSUSDT) opened at $25.29 on 2025-08-01 at 12:00 ET and reached a high of $25.72 before falling to a low of $24.86. The pair closed at $24.94 at 12:00 ET on 2025-08-02. Total volume for the 24-hour period was approximately 657,415.17 units, with a notional turnover of $16,396,636.

Structure & Formations

Price action over the 15-minute chart showed a bearish breakdown from the $25.68–25.72 range, with a key bearish engulfing pattern forming at 22:30 ET. This candle confirmed the shift in sentiment, as price fell 5.9% in 15 minutes to $25.01. A doji formed at 00:00 ET on 2025-08-02, suggesting indecision at the lower end of the range, while the $24.86 low marked a potential short-term floor.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were both bearish, with the 50-period line crossing below the 20-period line (a death cross) during the sell-off. On the daily chart, the 50-period MA sat above the 200-period MA, suggesting medium-term support from the 200-day line, though the 100-period MA is currently bearish.

MACD & RSI

The MACD turned bearish during the late-night sell-off, with a negative histogram and a bearish crossover in the 00:00–00:30 ET timeframe. RSI dipped below 30, reaching 27 at the close, signaling oversold conditions. This could support a near-term bounce, though the momentum remains weak.

Bollinger Bands

Bollinger Bands widened significantly during the sharp drop, with the price falling below the lower band at $24.86. This expansion indicates heightened volatility and suggests that a retest of the $25.06–25.16 range could follow.

Volume & Turnover

Volume spiked during the sell-off, particularly at 22:30 ET, when a 15-minute candle printed a 5.9% drop. Turnover also increased in tandem, indicating genuine selling pressure rather than a false breakdown. A divergence between volume and price during the early morning hours (01:30–02:30 ET) suggests some short-covering or accumulation may be occurring.

Fibonacci Retracements

Key Fibonacci levels from the $24.86 to $25.72 swing include 38.2% at $25.27 and 61.8% at $25.50. Price appears to be consolidating near the 38.2% retracement, suggesting a potential pivot point for the next 24 hours.

ENSUSDT may see a short-term bounce from the $24.86 low, with the 38.2% retracement at $25.27 offering a near-term target. However, a break below $24.86 could extend the correction to $24.50. Investors should monitor the $25.30–25.50 range for potential reversals and watch for a confirmation of bearish momentum.