ENS Price Prediction: Bullish Run Expected as Resistance Level is Tested

ENS Price Prediction: Bullish Run Expected as Resistance Level is Tested


Summary:

The Ethereum Name Service (ENS) price may experience a bullish run if it surpasses the $10.0 resistance level. Currently, the price is at $9.14 with a market cap of $263.7 million. The ENS/USD market is showing positive movement and may continue to rise if bulls put more pressure on the market. If the price breaks below the 9-day and 21-day moving averages, it may slide back to support levels at $8.5 and $8.0. On the other hand, if the upward movement continues, resistance levels at $12.0, $13.0, and $14.0 can be expected. A bearish break could lead to a fall to support levels at $6.0, $5.0, and $4.0. When compared to Bitcoin, ENS buyers are showing promising signs.

Key Points:

  • ENS price may see a bullish run if it surpasses $10.0 resistance level
  • Current ENS price is $9.14 with a market cap of $263.7 million
  • ENS/USD market is showing positive movement
  • If price breaks below moving averages, it may slide to $8.5 and $8.0 support
  • If upward movement continues, resistance levels at $12.0, $13.0, and $14.0 can be expected

Ethereum Name Service Alternatives

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ENS bulls are pushing the coin towards the upper boundary of the channel, indicating a potential positive movement. Meanwhile, is a meme coin that aims to create a decentralized movement and has raised almost $13 million in the ongoing presale.

Hot Take:

The Ethereum Name Service price has the potential for a bullish run if it breaks the $10.0 resistance level. However, a bearish break could lead to a fall in price. Overall, the market is showing promising signs, and ENS is gaining attention as an alternative to traditional services.

Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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