The Ethereum Name Service price prediction is currently pushing the coin above the $15.0 resistance but still falls at the $15.40 level.
Ethereum Name Service (ENS) Price Statistics:
- ENS price now – $14.75
- ENS market cap -$298.2 million
- ENS circulating supply – 20.2 million
- ENS total supply – 100 million
- Coinmarketcap ranking – #134
Resistance levels: $17.5, $18.0, $18.5
Support levels: $11.5, $11.0, $10.5
ENS/USD begins another increase today as the price rises above the 9-day and 21-day moving averages. However, it is likely for the crypto to accelerate higher if it breaks the $16.0 resistance level. For the past few days, Ethereum Name Service has been hovering above the moving averages and any bullish cross above the upper boundary of the channel could place the ENS price on a recovery trajectory.
Ethereum Name Service Price Prediction: How Far Can ENS/USD Go?
At the time of writing, the Ethereum Name Service price is trading at $14.75 after adding 5.56% to its value. The strength of the coin may open the door for a massive recovery above the upper boundary of the channel. However, the potential resistance at $16.0 must be reached to pave the way for the impending action.
From a technical perspective, ENS/USD is capable of tackling the hurdles above the 9-day and 21-day moving averages as the Relative Strength Index (14) prepares for the upside. It seems as if the bulls may aim for a clear break to the upside, and the coin could hit the resistance levels of $17.5, $18.0, and $18.5. If the market price slump to the downside, traders may locate the support levels at $11.5, $11.0, and $10.5 respectively.
Against Bitcoin, the ENS price is hovering above the 9-day and 21-day moving averages, currently trading at 4833 SAT and expecting a break toward the upper boundary of the channel. Looking at the daily chart, traders can see that the bulls are likely to push the market upward, and the next key resistance level may likely come at 6000 SAT and above.
Meanwhile, on the downside, a possible drop below the lower boundary of the channel could bring the market to hit the support level at 3700 SAT and below. The technical indicator Relative Strength Index (14) is likely to cross above the 50-level to trigger more bullish signals into the market.
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