The post ENS Technical Analysis Jan 29 appeared on BitcoinEthereumNews.com.

Today’s short-term outlook for ENS shows dominant bear signals. ENS, trading at $8.74, carries the risk of testing the $8.44 support. Short-Term Market Outlook ENS is trading at $8.74 as of January 29, 2026, and has experienced a -3.21% decline over the last 24 hours. The intraday range stayed between $8.70-$9.22, with volume at a moderate $12.68M level. The short-term trend is clearly downward; the price is positioned below the EMA20 ($8.92). RSI at 41.87 is in the neutral-bear zone, and MACD confirms bear momentum with a negative histogram. The Supertrend indicator points to a $9.29 resistance level, giving a bearish signal. Volatility is expected over the next 24-48 hours, but the overall pressure is downward. Multi-timeframe (MTF) analysis has identified 10 strong levels across 1D/3D/1W timeframes: 1 support/2 resistances on 1D, 1S/1R on 3D, and 2S/4R distribution on 1W. This indicates that resistances dominate in the short term and downside potential is high. For active traders, quick scalp opportunities are limited, and risk management is critically important. Intraday Critical Levels Nearby Support Zones The nearest support is at $8.4400 (strength score: 67/100), a critical test point below intraday lows. The $8.6659 (65/100) level should be monitored for quick invalidation; a drop below this could trigger the $7.5914 downside target. Scalpers can look for a quick bounce around $8.44, but volume confirmation is essential. Nearby Resistance Zones The first resistance is at $8.7878 (75/100), just above the current price. A breakout opens $8.9043 (66/100), but $10.3695 (65/100) is further out. Testing $8.79 is the main trigger for intraday rallies; failure increases bear pressure. Momentum and Velocity Analysis Short-term momentum is bearish; the MACD histogram is expanding negatively, and RSI is in a down channel. Velocity analysis (momentum speed) shows downward acceleration, confirmed by Supertrend bearish flip. On the 4-hour chart,…

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Filed under: News - @ January 30, 2026 12:23 am