ENSO’s price explodes 30% post-Upbit listing — is this real momentum or just another hype-driven spike? | Credit: Veronica Cestari
Share
Key Takeaways
ENSO surged 30% after its addition to Upbit, boosting liquidity.
The MACD crossover and a positive AO point indicate a continued upswing.
ENSO could rise, while failure to hold $2.22 risks a pullback
In a significant boost for the newly launched Enso (ENSO), leading exchange Upbit has added ENSO to its trading roster.
This development drove the ENSO token price to increase by 30% within a few hours.
The listing marks a significant milestone for the project, which has struggled since launching its Mainnet earlier this month. But what’s next for ENSO’s price?
ENSO Breaks Out
For those unfamiliar, Enso was in development as far back as 2021. However, it only recently launched on Mainnet on Oct. 14.
At launch, the ENSO token initially traded around $6.30 before experiencing a significant decline. As of this writing, it is still 69% down from that peak.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
On the 1-hour timeframe, ENSO’s Awesome Oscillator (AO) shows a high reading, indicating bullish momentum.
Such an elevated position suggests that traders are aggressively accumulating the token, likely anticipating continued upside following its listing on Upbit.
Although readings this high can also hint at short-term overheating, meaning a brief cooldown or consolidation may follow..
Likewise, the Moving Average Convergence Divergence (MACD) indicator confirms the bullish momentum, printing deep green histogram bars as the 12-day EMA (blue) crosses above the 26-day EMA (orange), signaling accelerating upside strength.
With momentum indicators aligning, ENSO looks ready to maintain its short-term trend.
If this momentum persists, ENSO’s price could break above the upper trendline of the falling triangle and retest the $2.32 level.
However, traders must be careful, as the upper line of the Bollinger Bands (BB) has tapped ENSO’s price. This increased volatility indicates that the altcoin might be overbought, and a pullback could be imminent.
Upbit Plays Key Role
As stated earlier. ENSO’s listing on Upbit, one of South Korea’s largest cryptocurrency exchanges, was the primary catalyst for its latest rally.
“Announcement regarding trading support for the new digital asset Enso (ENSO). Supported markets: KRW, BTC, and USDT. Trading support start date: Scheduled for 2025-10-29 17:00 KST,” Upbit announced the development on its official X account
The listing significantly increased ENSO’s exposure and investor confidence, as major exchange listings are potent drivers of price action and trading volume.
ENSO Price Prediction: Bullish
On the 2-hour chart, ENSO’s Relative Strength Index was overbought at 72.43. This reading shows that buying momentum remains strong, although it may face exhaustion if buyers fail to sustain trading volume.
At the same time, the Awesome Oscillator, which had been printing green bars below the zero line, has now flipped into positive territory.
The indicator stands at 0.078, signaling a short-term shift in momentum as bulls strengthen their market control. If the oscillator continues to rise, it could confirm a sustained uptrend.
Based on the recent swing high to swing low on the Fibonacci retracement levels, the ENSO token’s next potential move is becoming clearer. The token currently trades at $1.92, positioned below the 0.382 Fib level and gradually approaching the 0.236 Fib level.
This setup suggests ENSO may enter a short-term corrective phase before attempting another rebound.
If the price reclaims the 0.382 Fib level, it could trigger renewed breakout with potential upside targets near the 0.5 Fib level at $2.58.
On the other hand, if the token fails to hold above $2.22, it may slip toward the 0.236 Fib level at $1.70, with a deeper downside risk extending to its immediate support at $1.58.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
