The ENS price prediction changes hands at $12.42 as the Relative Strength Index (14) technical indicator faces north.
Ethereum name service prediction statistical data:
- ENS price now – $12.42
- ENS Market Cap – $251.4 billion
- ENS Circulating Supply – 20.2 million
- Total ENS supply – 100 million
- ENS Coinmarketcap Ranking – #116
Resistance levels: $18, $20, $22
Support Levels: $8, $6, $4
ENS/USD is trading at around $12.42, and once it manages to break above the $15 resistance, the next target is located at $16 where it could trade above the upper boundary of the channel. However, a push from here could send the price straight to the $17 resistance level, but if the current level does not hold, the Ethereum Name Service (ENS) could slip below the 10 support level. $.
Ethereum Name Service Price Prediction: Is ENS Ready for the Rise?
Looking at the daily chart, the Ethereum name service bulls are coming to market, if the buyers put in more effort and keep Ethereum name service price above the 9 and 21 day moving averages, ENS/USD could likely reach the 18 resistance levels $, $20 and $22 respectively. Also, any bullish moves above these key resistance levels can likely encourage further buying.
Additionally, any bearish moves below the moving averages may decline towards the critical supports at $8, $6, and $4. Meanwhile, looking at the Relative Strength Index (14) technical indicator, Ethereum Name Service may tend to trend higher as the coin moves to cross the overbought region, suggesting bullish movement.
Compared to Bitcoin, Ethereum name service price is trying to breach the upper boundary of the channel which may reach the nearest resistance at 6000 SAT. Therefore, unless this resistance actually holds and price eventually closes above it, there may be no reason to expect a long-term bullish reversal.
However, any bearish movement towards the lower boundary of the channel could refresh the lows below 4000 SAT, as a possible bearish continuation could likely meet the major support at 3300 SAT and below. From above, buyers can push the coin to reach potential resistance at 7400 SAT and above. More so, the Relative Strength Index (14) technical indicator is ready to cross the overbought region, suggesting more bullish signals.
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