The ENS price prediction is changing hands at $12.42 as the technical indicator Relative Strength Index (14) faces the north.
Ethereum Name Service Prediction Statistics Data:
- ENS price now – $12.42
- ENS market cap – $251.4 billion
- ENS circulating supply – 20.2 million
- ENS total 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 surpass the resistance of $15, 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 resistance level of $17, but if the current level fails to hold strong, the Ethereum Name Service (ENS) could slip below the support level of $10.
Ethereum Name Service Price Prediction: Is ENS Ready for the Upside?
Looking at the daily chart, the Ethereum Name Service bulls are coming into the market, if the buyers put more effort and keep the Ethereum Name Service price above the 9-day and 21-day moving averages, ENS/USD may likely hit the resistance levels of $18, $20, and $22 respectively. In addition, any bullish movement above these key resistance levels may likely encourage further buying.
Moreover, any bearish movement below the moving averages may decline towards the critical supports at $8, $6, and $4. Meanwhile, looking at the technical indicator Relative Strength Index (14), Ethereum Name Service may exhibit the tendencies to follow an upward trend as the coin moves to cross into the overbought region, suggesting bullish movement.
When compared with Bitcoin, the Ethereum Name Service price is attempting to cross above the upper boundary of the channel which could hit the nearest resistance at 6000 SAT. Therefore, unless this resistance effectively holds and the price ends up closing above it, there might not be any reason to expect a long-term bullish reversal.
However, any bearish movement towards the lower boundary of the channel could refresh lows under 4000 SAT as a possible bearish continuation may likely meet the major support at 3300 SAT and below. From above, the buyers may push the coin to hit the potential resistance at 7400 SAT and above. More so, the technical indicator Relative Strength Index (14) is ready to cross into the overbought region, suggesting more bullish signals.
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